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Public Act 094-0513
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| Public Act 094-0513 |
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AN ACT concerning State government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The State Treasurer Act is amended by changing | ||||
Section 18 as follows:
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(15 ILCS 505/18)
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Sec. 18. Banking and automatic teller machine
services.
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(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.
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(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
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payment of expenses incurred in locating the machine or | ||||
service.
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(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.
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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
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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.
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(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.
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(Source: P.A. 88-640, eff. 7-1-95; 89-634, eff. 8-9-96.)
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