Bill Text: IL SB0536 | 2017-2018 | 100th 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-09 - Session Sine Die [SB0536 Detail]

Download: Illinois-2017-SB0536-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 SB0536 Introduced 1/24/2017, by Sen. John J. Cullerton 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.
LRB100 04930 MLM 14940 b
A BILL FOR
SB0536 LRB100 04930 MLM 14940 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,
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. 98-909, eff. 8-15-14.)