Public Act 103-0234

SB1835 Enrolled LRB103 29725 DTM 56130 b

AN ACT concerning State government.

Be it enacted by the People of the State of Illinois,

represented in the General Assembly:

Section 5. The State Treasurer Act is amended by changing

Section 18 as follows:

(15 ILCS 505/18)

Sec. 18. Banking and automated automatic teller machine

services.

(a) The Treasurer may enter into written agreements with

financial institutions for the provision of banking services

at the State Capitol and with automated teller machine

providers for the provision of automated automatic teller

machine services at State office buildings, State parks, State

tourism centers, and State fairs at Springfield and DuQuoin.

The Treasurer shall establish competitive procedures for the

selection of financial institutions and automated teller

machine providers to provide the services authorized under

this Section. No State agency may procure services authorized

by this Section without the approval of the Treasurer.

(b) The Treasurer shall enter into written agreements with

the authorities having jurisdiction of the property where the

services are intended to be provided. These agreements shall

include, but need not be limited to, the quantity of machines

to be located at the property and the exact location of the

service or machine and shall establish responsibility for

payment of expenses incurred in locating the machine or

service.

(c) The Treasurer's agreement with a financial institution

or automated teller machine providers may authorize the

financial institution or automated teller machine providers to

provide any or all of the banking services that the financial

institution or automated teller machine providers is otherwise

authorized by law to provide to the public.

The Treasurer's agreement with a financial institution or

automated teller machine providers shall establish the amount

of compensation to be paid by the financial institution. The

financial institution or automated teller machine providers

shall pay the compensation to the Treasurer in accordance with

the terms of the agreement. The Treasurer shall deposit moneys

received under this Section into the State Treasurer's Bank

Services Trust Fund. Treasurer's Rental Fee Fund, a special

fund hereby created in the State treasury. The Treasurer shall

use the moneys in the Fund for the operation of the program

established under this Section. If the Treasurer determines

that any moneys in the Treasurer's Rental Fee Fund are in

excess of the amount necessary to sustain the operation of the

program established under this Section, the Treasurer may

transfer any unobligated and unexpended moneys from the

Treasurer's Rental Fee Fund into the State Pensions Fund.

(d) This Section does not apply to a State office building

in which a currency exchange or a credit union providing

financial services located in the building on July 1, 1995

(the effective date of Public Act 88-640) is operating.

(e) Notwithstanding any other provision of law to the

contrary, and in addition to any other transfers that may be

provided by law, within 30 days of the effective date of this

amendatory Act of the 103rd General Assembly, or as soon

thereafter as practicable, the State Comptroller shall direct

and the State Treasurer shall transfer the remaining balance

from the Treasurer's Rental Fee Fund into the State

Treasurer's Bank Services Trust Fund. Upon completion of the

transfer, the Treasurer's Rental Fee Fund is dissolved, and

any future deposits due to that Fund and any outstanding

obligations or liabilities of that Fund shall pass to the

State Treasurer's Bank Services Trust Fund.

(Source: P.A. 98-19, eff. 6-10-13.)

Section 10. The State Finance Act is amended by changing

Section 5.397 as follows:

(30 ILCS 105/5.397)

Sec. 5.397. The Treasurer's Rental Fee Fund. This Fund is

dissolved upon the transfer of the remaining balance from the

Treasurer's Rental Fee Fund to the State Treasurer's Bank

Services Trust Fund as provided under subsection (e) of

Section 18 of the State Treasurer Act. This Section is

repealed on January 1, 2025.

(Source: P.A. 88-640, eff. 7-1-95; 89-235, eff. 8-4-95.)

Section 15. 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, legal service charges, and other

operational expenses of the State Treasurer's Office related

to the investment or safekeeping of funds under the

Treasurer's control; the provision of banking and automated

teller machine services at State office buildings, State

parks, State tourism centers, and State fairs at Springfield

and DuQuoin; and the cost of paying bondholders and legal

services under the State's general obligation bond program.

(Source: P.A. 100-587, eff. 6-4-18.)