SB0653sam001 102ND GENERAL ASSEMBLY

Sen. Robert Peters

Filed: 3/25/2021

10200SB0653sam001 LRB102 13364 RJF 24251 a

AMENDMENT TO SENATE BILL 653

AMENDMENT NO. ______. Amend Senate Bill 653 as follows:

on page 4, by replacing lines 17 through 25 with the following:

"For purposes of this Act, the term "financial institution" "bank" or "savings and loan association" shall be deemed to include a bank, a savings and loan association, a savings bank, a credit union, a minority depository institution as designated by the Federal Deposit Insurance Corporation, or a community development financial institution certified by the United States Treasury Community Development Financial Institutions Fund, which is operating in the State of Illinois a credit union, and, unless otherwise specifically set forth in this Act, credit unions shall be subject to all rights,"; and

on page 31, by replacing line 24 with "acceptable under Sections 11 and 11.1."; and

on page 33, by deleting line 12; and

on page 33, by replacing line 16 with "repealing Sections 1.2, 3, 4, 5, 6, 13, and 16."; and

on page 34, by replacing line 14 with "Sections 11 and 11.1 of the Deposit of State Moneys Act"; and

on page 34, by replacing lines 15 and 16 with:

"(15 ILCS 520/11 and 11.1) or Section 6 of the Public Funds Investment Act (30 ILCS 235/6). Such treasurer or other".