|
| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB1113 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
| | |
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 |
|
|
| | HB1113 | | LRB100 02277 MLM 12282 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 Fund |
| 5 | | 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 the
|
| 8 | | the State
treasury a special fund to be known as the State |
| 9 | | Treasurer's Bank Services
Trust Fund. Moneys deposited in the |
| 10 | | Fund shall be used by the
State
Treasurer to pay the cost of |
| 11 | | the following banking services: processing
of payments of |
| 12 | | taxes, fees, and other moneys due the State; transactional, |
| 13 | | technological, consultant, and legal service charges related |
| 14 | | to the investment or safekeeping of funds under the Treasurer's
|
| 15 | | control; and the cost of paying bondholders and legal services |
| 16 | | under the State's general
obligation bond program. |
| 17 | | (Source: P.A. 98-909, eff. 8-15-14.)
|