TITLE 74: PUBLIC FINANCE
CHAPTER V: TREASURER
PART 600 BANKING AND AUTOMATED TELLER MACHINE SERVICES
SECTION 600.110 DEFINITIONS


 

Section 600.110  Definitions

 

"Administrative Expenses" means all expenses associated with the implementation, administration, marketing and operation of the Program.  These expenses may include, but are not limited to, staff salaries, benefits, costs incurred in performing outreach activities and providing technical assistance to State agencies, the use of the Office of the Treasurer's equipment for Program purposes, the cost of office space and utilities incurred in connection with the Program, and fees payable to third parties.

 

"Automatic Teller Machine" or "ATM" means any electronic information processing device that accepts or dispenses cash in connection with a credit, deposit or convenience account.

 

"Automatic Teller Machines Services" or "ATM Services" means the act of providing an ATM pursuant to a written agreement as required by this Part.

 

"Banking Services" means those services provided by a financial institution relating to the management, investment, transfer and lending of money that the financial institution is authorized by law to provide to the public. 

 

"Credit Union" means a cooperative, non-profit association, incorporated under the Illinois Credit Union Act [205 ILCS 305], under the laws of the United States of America or under the laws of another state, for the purposes of encouraging thrift among its members, creating a source of credit at a reasonable rate of interest, and providing an opportunity for its members to use and control their own money in order to improve their economic and social conditions.

 

"Currency Exchange" means either a "community currency exchange" or an "ambulatory currency exchange" as those terms are defined by the Currency Exchange Act [205 ILCS 405]. 

 

"Financial Institution", in relation to banking services, means a state or federally chartered bank, savings and loan association, savings bank or credit union. 

 

"Jurisdiction of the Property" means the State agency that is in possession or occupancy of land by right or title.

 

"Operator" means any business entity or other person who operates an ATM and provides ATM services.

 

"State Agency" means and includes all boards, commissions, agencies, institutions and authorities, created by or in accordance with the Illinois Constitution or Illinois statute, of the executive branch of State government.  "State agency" does not include colleges, universities, institutions under the jurisdiction of the governing boards of the University of Illinois, Southern Illinois University, Illinois State University, Eastern Illinois University, Northern Illinois University, Western Illinois University, Chicago State University, Governors State University, Northeastern Illinois University, the Board of Higher Education, public employee retirement systems, investment boards that are subject to fiduciary duties imposed by the Illinois Pension Code [40 ILCS 5], the University of Illinois Foundation, units of local government, school districts, community colleges under the Public Community College Act [110 ILCS 805], and the Illinois Comprehensive Health Insurance Program. 

 

"State Fairgrounds" has the same meaning as ascribed in the Illinois State Fair Act [20 ILCS 210].

 

"State Office Building" means any space or structure leased or owned by a State agency. 

 

"State Property" means any property specified in the State Parks Designation Act [20 ILCS 840], i.e., State Park, State Memorial, State Conservation Area, State Natural Area, the Jim Edgar Panther Creek State Fish and Wildlife Area, State Recreational Area, State Boating Access Area.

 

"State Tourism Center" means any property or facility operated and maintained by a State agency for the purpose, at least in part, of providing information to members of the public regarding local accommodations, businesses, restaurants, transportation, events, fairs, festivals and other items of interest.