Illinois General Assembly - Bill Status for HB4570
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 Bill Status of HB4570  100th General Assembly

Short Description:  DEPOSIT OF STATE MONEY

House Sponsors
Rep. Emanuel Chris Welch

Last Action
DateChamber Action
  2/6/2018HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
15 ILCS 520/15from Ch. 130, par. 34

Synopsis As Introduced
Amends the Deposit of State Moneys Act. Disqualifies banks and savings and loan associations that have not achieved a federal Community Reinvestment Act rating ("CRA rating") of "outstanding record of meeting community credit needs" from serving as a depositary of State moneys upon their failure to establish, within 365 days after the effective date of the amendatory Act and each year thereafter, in each low-income and moderate-income geography that is located in those portions of their assessment areas that are in the State, at least one more automated teller machine ("ATM") or branch than they operated in that geography on the first day of the preceding calendar year and to maintain those facilities. Defines terms.

DateChamber Action
  2/6/2018HouseFiled with the Clerk by Rep. Emanuel Chris Welch
  2/6/2018HouseFirst Reading
  2/6/2018HouseReferred to Rules Committee

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