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| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB4713 Introduced , by Rep. Josh Harms SYNOPSIS AS INTRODUCED:
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Amends the State Treasurer's Bank Services Trust Fund Act. Provides that moneys in the State Treasurer's Bank Services
Trust Fund may also be used for (i) technological, consultant, and legal service charges related to the investment or safekeeping of funds under the Treasurer's
control and (ii) legal services under the State's general
obligation bond program. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB4713 | | LRB098 16988 HLH 52070 b |
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| 1 | | AN ACT concerning finance.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The State Treasurer's Bank Services Trust Fund |
| 5 | | Act is amended by changing Section 10 as follows:
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| 6 | | (30 ILCS 212/10)
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| 7 | | Sec. 10. Creation of Fund. There is hereby created in the |
| 8 | | 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
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| 15 | | control; and the cost of paying bondholders and legal services |
| 16 | | under the State's general
obligation bond program.
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| 17 | | (Source: P.A. 89-153, eff. 7-14-95.)
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| 18 | | Section 99. Effective date. This Act takes effect upon |
| 19 | | becoming law.
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