(15 ILCS 520/3)
(from Ch. 130, par. 22)
The State Treasurer shall, at such times as he may in his discretion
determine, cause a notice to be sent to each savings and loan association,
Federally insured credit union of $50,000,000 or more assets, or regularly
established National and State bank doing business in this State, indicating
that on a date named therein not less than one month after the date of such
notice, he will receive sealed proposals for the deposit of the public moneys
in his custody or control. The State Treasurer may also at any time receive a
new or supplemental proposal from any savings and loan association, credit
union or national or State bank.
A "regularly established" national or State bank is a bank which is
doing business in the State under the supervision of the Comptroller of the
Currency or the Office of Banks and Real Estate.
(Source: P.A. 89-508, eff. 7-3-96.)