SB0536 100TH GENERAL ASSEMBLY

LRB100 04930 MLM 14940 b

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.

A BILL FOR

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.)