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Illinois Compiled Statutes

Information maintained by the Legislative Reference Bureau
Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

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FINANCIAL REGULATION
(205 ILCS 205/) Savings Bank Act.

205 ILCS 205/9002.5

    (205 ILCS 205/9002.5)
    Sec. 9002.5. Regulatory fees.
    (a) For the fiscal year beginning July 1, 2007 and every year thereafter, each savings bank and each service corporation operating under this Act shall pay a fixed fee of $520, plus a variable fee based on the total assets of the savings bank or service corporation at the following rates:
        24.97 per $1,000 of the first $2,000,000 of total
    
assets;
        22.70 per $1,000 of the next $3,000,000 of total
    
assets;
        20.43 per $1,000 of the next $5,000,000 of total
    
assets;
        17.025 per $1,000 of the next $15,000,000 of total
    
assets;
        14.755 per $1,000 of the next $25,000,000 of total
    
assets;
        12.485 per $1,000 of the next $50,000,000 of total
    
assets;
        10.215 per $1,000 of the next $400,000,000 of total
    
assets;
        6.81 per $1,000 of the next $500,000,000 of total
    
assets; and
        4.54 per $1,000 of all total assets in excess of
    
$1,000,000,000 of such savings bank or service corporation.
    (b) The Secretary shall receive and there shall be paid to the Secretary an additional fee as an adjustment to the supervisory fee, based upon the difference between the total assets of each savings bank and each service corporation as shown by its financial report filed with the Secretary for the reporting period of the calendar year ended December 31 on which the supervisory fee was based and the total assets of each savings bank and each service corporation as shown by its financial report filed with the Secretary for the reporting period of the calendar year ended December 31 in which the quarterly payments are made according to the following schedule:
        24.97 per $1,000 of the first $2,000,000 of total
    
assets;
        22.70 per $1,000 of the next $3,000,000 of total
    
assets;
        20.43 per $1,000 of the next $5,000,000 of total
    
assets;
        17.025 per $1,000 of the next $15,000,000 of total
    
assets;
        14.755 per $1,000 of the next $25,000,000 of total
    
assets;
        12.485 per $1,000 of the next $50,000,000 of total
    
assets;
        10.215 per $1,000 of the next $400,000,000 of total
    
assets;
        6.81 per $1,000 of the next $500,000,000 of total
    
assets; and
        4.54 per $1,000 of all total assets in excess of
    
$1,000,000,000 of such savings bank or service corporation.
    (c) The Secretary shall receive and there shall be paid to the Secretary by each savings bank and each service corporation a fee of $520 for each approved branch office or facility office established under the Illinois Administrative Code. The determination of the fees shall be made annually as of the close of business of the prior calendar year ended December 31.
(Source: P.A. 95-1047, eff. 4-6-09.)