Bill Text: IL HB4713 | 2013-2014 | 98th General Assembly | Chaptered

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Bill Title: Amends the State Treasurer's Bank Services Trust Fund Act. Provides that moneys in the State Treasurer's Bank Services Trust Fund may also be used for (i) technological, consultant, and legal service charges related to the investment or safekeeping of funds under the Treasurer's control and (ii) legal services under the State's general obligation bond program. Effective immediately.

Sponsorship: Partisan Bill (Republican 2)

Status: (Passed) 2014-08-15 - Public Act . . . . . . . . . 98-0909 [HB4713 Detail]

Download: Illinois-2013-HB4713-Chaptered.html

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Public Act 098-0909
HB4713 Enrolled LRB098 16988 HLH 52070 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
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,
technological, consultant, and legal service charges related
to the investment or safekeeping of funds under the Treasurer's
control; and the cost of paying bondholders and legal services
under the State's general obligation bond program.
(Source: P.A. 89-153, eff. 7-14-95.)
Section 99. Effective date. This Act takes effect upon
becoming law.