Bill Text: IL SB1835 | 2023-2024 | 103rd General Assembly | Chaptered

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Bill Title: Amends the State Treasurer Act. Makes changes concerning banking and teller machine services. Provides that 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.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2023-06-30 - Public Act . . . . . . . . . 103-0234 [SB1835 Detail]

Download: Illinois-2023-SB1835-Chaptered.html

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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.)