100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB1113

 

Introduced , by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 212/10

    Amends the State Treasurer's Bank Services Trust Fund Act. Makes a technical change in a Section concerning creation of the Fund.


LRB100 02277 MLM 12282 b

 

 

A BILL FOR

 

HB1113LRB100 02277 MLM 12282 b

1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Treasurer's Bank Services Trust Fund
5Act is amended by changing Section 10 as follows:
 
6    (30 ILCS 212/10)
7    Sec. 10. Creation of Fund. There is hereby created in the
8the State treasury a special fund to be known as the State
9Treasurer's Bank Services Trust Fund. Moneys deposited in the
10Fund shall be used by the State Treasurer to pay the cost of
11the following banking services: processing of payments of
12taxes, fees, and other moneys due the State; transactional,
13technological, consultant, and legal service charges related
14to the investment or safekeeping of funds under the Treasurer's
15control; and the cost of paying bondholders and legal services
16under the State's general obligation bond program.
17(Source: P.A. 98-909, eff. 8-15-14.)