Bill Text: IL HB0479 | 2011-2012 | 97th General Assembly | Introduced

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Bill Title: Amends the State Treasurer's Bank Services Trust Fund Act. Makes a technical change in a Section concerning creation of the Fund.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Failed) 2013-01-08 - Session Sine Die [HB0479 Detail]

Download: Illinois-2011-HB0479-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 HB0479 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
30 ILCS 212/10
Amends the State Treasurer's Bank Services Trust Fund Act. Makes a technical change in a Section concerning creation of the Fund.
LRB097 03306 PJG 43343 b
A BILL FOR
HB0479 LRB097 03306 PJG 43343 b
AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The State Treasurer's Bank Services Trust Fund
Act is amended by changing Section 10 as follows:
(30 ILCS 212/10)
Sec. 10. Creation of Fund. There is hereby created in the
the State treasury a special fund to be known as the State
Treasurer's Bank Services Trust Fund. Moneys deposited in the
Fund shall be used by the State Treasurer to pay the cost of
the following banking services: processing of payments of
taxes, fees, and other moneys due the State; transactional
charges related to the investment or safekeeping of funds under
the Treasurer's control; and the cost of paying bondholders
under the State's general obligation bond program.
(Source: P.A. 89-153, eff. 7-14-95.)