Synopsis As Introduced Amends the Illinois Procurement Code. Prohibits the State from entering into contracts with a bank or other financial institution that (i) charges a fee of more than 50 cents per transaction for transactions at an ATM owned or operated by the bank or financial institution or (ii) charges its customers a fee of more than 50 cents per transaction for transactions at an ATM not owned or operated by the bank or financial institution.
Deletes everything after the enacting clause. Creates the Public Contracts with Financial Institutions Act. Lists various consumer services and charges that a State agency, State officer, or unit of local government may request and consider when evaluating proposals from financial institutions for financial services contracts.