093_HB3228

 
                                     LRB093 10157 SJM 10410 b

 1        AN ACT concerning finance.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.  The  State  Treasurer's  Bank Services Trust
 5    Fund Act is amended by changing Section 10 as follows:

 6        (30 ILCS 212/10)
 7        Sec. 10.  Creation of Fund.  There is hereby  created  in
 8    the  State  treasury  a special fund to be known as the State
 9    Treasurer's Bank Services Trust Fund.  Moneys deposited  into
10    in  the  Fund shall be used by the State Treasurer to pay the
11    cost  of  the  following  banking  services:  processing   of
12    payments  of  taxes,  fees,  and  other moneys due the State;
13    transactional  charges   related   to   the   investment   or
14    safekeeping  of  funds under the Treasurer's control; and the
15    cost  of  paying  bondholders  under  the   State's   general
16    obligation bond program.
17    (Source: P.A. 89-153, eff. 7-14-95.)