SB1539sam001 99TH GENERAL ASSEMBLY

Sen. Karen McConnaughay

Filed: 3/19/2015

09900SB1539sam001 LRB099 10029 JLK 33009 a

AMENDMENT TO SENATE BILL 1539

AMENDMENT NO. ______. Amend Senate Bill 1539 by replacing everything after the enacting clause with the following:

"Section 5. The Deposit of State Moneys Act is amended by adding Section 6.1 as follows:

(15 ILCS 520/6.1 new)

Sec. 6.1. Submission of proposals. Nothing in this Act shall be construed as prohibiting a bank, savings bank, or credit union from submitting a proposal to the State Treasurer on the basis that it does not offer a product or service in this State, unless a specific requirement is noted in the public solicitation that is related to the product or service being solicited. Nothing in this Section is intended to limit the State Treasurer's discretion in the selection of a bank, savings bank, or credit union, as provided in this Act.

Section 10. The Public Funds Investment Act is amended by adding Section 6.1 as follows:

(30 ILCS 235/6.1 new)

Sec. 6.1. Submission of proposals. Nothing in this Act shall be construed as prohibiting a bank, savings bank, or credit union from submitting a proposal to a public agency on the basis that it does not offer a product or service in this State, unless a specific requirement is noted in the public solicitation that is related to the product or service being solicited. Nothing in this Section is intended to limit a public agency's discretion in the selection of a bank, savings bank, or credit union as provided in this Act.

Section 99. Effective date. This Act takes effect upon becoming law.".