Bill Title: Amends the State Treasurer Act. Permits the State Treasurer to retain an administrative charge for the costs of services associated with the deposit of moneys that are remitted directly to the State Treasurer. Provides that the amount of the administrative charge may be determined by the State Treasurer and shall not exceed 2% of the amount deposited. Provides that this charge shall apply to fines, fees, or other amounts remitted directly to the State Treasurer by circuit clerks, county clerks, and other entities that are not State agencies for deposit into a fund in the State treasury. Provides that the charge shall apply to any form of fines, fees, or other collections created on or after the effective date of the amendatory Act. Sets forth provisions governing the State Treasurer's Administrative Fund. Amends the State Finance Act and creates the State Treasurer's Administrative Fund. Effective immediately.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2014-08-15 - Public Act . . . . . . . . . 98-0965 [SB3276 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Pamela Althoff [R]	Primary	Sponsored Bills	SD-032	FollowTheMoney	Ballotpedia	VoteSmart
Representative Robert Pritchard [R]	Primary	Sponsored Bills	HD-070	FollowTheMoney	Ballotpedia	VoteSmart

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