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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:
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Amends the State Treasurer's Bank Services Trust Fund Act. Makes a technical
change in a Section concerning creation of the Fund.
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| | A BILL FOR |
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| | SB0536 | | LRB100 04930 MLM 14940 b |
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| 1 | | AN ACT concerning finance.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The State Treasurer's Bank Services Trust Fund |
| 5 | | Act is amended by changing Section 10 as follows:
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| 6 | | (30 ILCS 212/10)
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| 7 | | Sec. 10. Creation of Fund. There is hereby created in the
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| 8 | | the State
treasury a special fund to be known as the State |
| 9 | | Treasurer's Bank Services
Trust Fund. Moneys deposited in the |
| 10 | | Fund shall be used by the
State
Treasurer to pay the cost of |
| 11 | | the following banking services: processing
of payments of |
| 12 | | taxes, fees, and other moneys due the State; transactional, |
| 13 | | technological, consultant, and legal service charges related |
| 14 | | to the investment or safekeeping of funds under the Treasurer's
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| 15 | | control; and the cost of paying bondholders and legal services |
| 16 | | under the State's general
obligation bond program. |
| 17 | | (Source: P.A. 98-909, eff. 8-15-14.)
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