(15 ILCS 505/18)
Banking and automatic teller machine
(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, 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.
(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
payment of expenses incurred in locating the machine or service.
(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
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
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. If the Treasurer determines that any moneys in the Treasurer's Rental Fee Fund are in excess of the amount necessary to sustain the operation of the program established under this Section, the Treasurer may transfer any unobligated and unexpended moneys from the Treasurer's Rental Fee Fund into the State Pensions Fund.
(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
(Source: P.A. 98-19, eff. 6-10-13.)