SB0156sam001 94TH GENERAL ASSEMBLY

Sen. Ira I. Silverstein

Filed: 3/2/2005

09400SB0156sam001 LRB094 05042 JAM 42359 a

AMENDMENT TO SENATE BILL 156

AMENDMENT NO. ______. Amend Senate Bill 156 by replacing everything after the enacting clause with the following:

"Section 1. Short title. This Act may be cited as the Public Contracts with Financial Institutions Act.

Section 5. Definitions. As used in this Act:

"State agency" has the meaning given that term in the Illinois Procurement Code.

"State executive branch constitutional officer" means the Governor, the Lieutenant Governor, the Attorney General, the Secretary of State, the State Comptroller, and the State Treasurer.

Section 10. Contracts with financial institutions. In addition to any other criteria required or authorized by law or rule, a State executive branch constitutional officer, a State agency, or a unit of local government may include the following in any request for proposals for contracts for financial services with financial institutions and may consider the following in evaluating any submitted proposals:

(1) The average fee assessed by the institution for an automated teller machine transaction.

(2) Whether the institution offers free checking services.

(3) The institution's financial interest in a subsidiary or another institution engaged in payday lending.

(4) Any other consumer-friendly provisions or aspects of the institution.

A financial institution may be required to supply the information described in this Section in order to qualify as a responsive offeror with respect to financial services contracts awarded by a State executive branch constitutional officer, a State agency, or a unit of local government.".