Illinois General Assembly - Full Text of Public Act 094-0513
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Public Act 094-0513




Public Act 094-0513
HB3544 Enrolled LRB094 09276 RSP 39513 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 changing
Section 18 as follows:
    (15 ILCS 505/18)
    Sec. 18. Banking and automatic teller machine services.
    (a) The Treasurer may enter into written agreements with
financial institutions for the provision of banking services at
the State Capitol and for the provision of automatic teller
machine services at State office buildings, State parks, and
State tourism centers, and State fairs at Springfield and
DuQuoin. The Treasurer shall establish competitive procedures
for the selection of financial institutions to provide the
services authorized under this Section. No State agency may
procure services authorized by this Section without the
approval of the Treasurer.
    (b) The Treasurer shall enter into written agreements with
the authorities having jurisdiction of the property where the
services are intended to be provided. These agreements shall
include, but need not be limited to, the quantity of machines
to be located at the property and the exact location of the
service or machine and shall establish responsibility for
payment of expenses incurred in locating the machine or
    (c) The Treasurer's agreement with a financial institution
may authorize the financial institution to provide any or all
of the banking services that the financial institution is
otherwise authorized by law to provide to the public.
    The Treasurer's agreement with a financial institution
shall establish the amount of compensation to be paid by the
financial institution. The financial institution shall pay the
compensation to the Treasurer in accordance with the terms of
the agreement. The Treasurer shall deposit moneys received
under this Section into the Treasurer's Rental Fee Fund, a
special fund hereby created in the State treasury. The
Treasurer shall use the moneys in the Fund for the operation of
the program established under this Section.
    (d) This Section does not apply to a State office building
in which a currency exchange or a credit union providing
financial services located in the building on July 1, 1995 (the
effective date of Public Act 88-640) is operating.
(Source: P.A. 88-640, eff. 7-1-95; 89-634, eff. 8-9-96.)

Effective Date: 1/1/2006