Illinois General Assembly - Full Text of Public Act 098-0965

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Public Act 098-0965

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Public Act 0965 98TH GENERAL ASSEMBLY

Public Act 098-0965

SB3276 Enrolled LRB098 16226 OMW 52561 b

    AN ACT concerning State government.

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

    Section 5. The State Treasurer Act is amended by adding
Sections 20 and 25 as follows:

    (15 ILCS 505/20 new)
    Sec. 20. State Treasurer administrative charge. The State
Treasurer may retain an administrative charge for the costs of
services associated with the deposit of moneys that are
remitted directly to the State Treasurer. The administrative
charge collected under this Section shall be deposited into the
State Treasurer's Administrative Fund. The amount of the
administrative charge may be determined by the State Treasurer
and shall not exceed 2% of the amount deposited.
    This Section shall apply to fines, fees, or other amounts
remitted directly to the State Treasurer by circuit clerks,
county clerks, and other entities for deposit into a fund in
the State treasury. This Section does not apply to amounts
remitted by State agencies or certified collection specialists
as defined in 74 Ill. Admin. Code 1200.50. This Section shall
apply only to any form of fines, fees, or other collections
created on or after the effective date of this amendatory Act
of the 98th General Assembly.

    (15 ILCS 505/25 new)
    Sec. 25. State Treasurer's Administrative Fund. All cost
recoveries, fees for services, and governmental grants
received by the State Treasurer shall be maintained in a trust
fund in the State treasury, to be known as the State
Treasurer's Administrative Fund. Moneys in the State
Treasurer's Administrative Fund may be utilized by the State
Treasurer in the discharge of the duties of the office. All
interest earned by the investment or deposit of moneys
accumulated in the Fund shall be deposited into the Fund.

    Section 10. The State Finance Act is amended by adding
Section 5.855 as follows:

    (30 ILCS 105/5.855 new)
    Sec. 5.855. The State Treasurer's Administrative Fund.

    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 8/15/2014

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