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Executive Committee
Filed: 5/27/2009
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09600SB0052ham001 |
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LRB096 02025 WGH 27514 a |
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| AMENDMENT TO SENATE BILL 52
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| AMENDMENT NO. ______. Amend Senate Bill 52 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The Deposit of State Moneys Act is amended by |
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| changing Section 2 as follows:
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| (15 ILCS 520/2) (from Ch. 130, par. 21)
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| Sec. 2.
All banks or savings and
and loan associations in |
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| which any such
money is deposited shall be required to
pay |
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| interest on time deposit accounts if members of the Federal |
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| Reserve
system are permitted to pay interest on the particular |
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| class of deposit.
All interest received or paid on account of |
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| money in the State treasury
belonging to or for the use of the |
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| State so deposited in banks or savings
and loan associations, |
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| shall be
the property of the State of Illinois. If any moneys |
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| held by the State
Treasurer shall be deposited in
banks or |
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| savings and loan associations pursuant to the provisions of
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