(20 ILCS 3205/0.4)
Purpose; effect on Executive Order.
(a) It is the purpose of this amendatory Act of 1996 to change the name of
the office of the Commissioner of Banks and Trust Companies to the Office of
Banks and Real Estate and to transfer to it the rights, powers, duties, and
functions of the Office of the Commissioner of Savings and Residential
Finance. This amendatory Act consolidates and centralizes the programs and
services now offered to citizens by those agencies and is intended to result
in more effective operation of those programs and services.
(b) This amendatory Act of 1996 supersedes Executive Order Number 1 (1996)
in its entirety, and the Order is of no force or effect. Anything contained in
Executive Order Number 1 (1996) that is inconsistent with or not included in
this amendatory Act of 1996 shall be deemed contrary to the intent and effect
of this Act, is superseded by this Act, and is of no force or effect.
(Source: P.A. 89-508, eff. 7-3-96.)