Sen. Ira I. Silverstein
Filed: 3/2/2005
 
 

 




 

 		












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AMENDMENT TO SENATE BILL 156 




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    AMENDMENT NO. ______. Amend Senate Bill 156 by replacing 
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everything after the enacting clause with the following:

 
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    "Section 1. Short title. This Act may be cited as the 
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Public Contracts with Financial Institutions Act.
 
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    Section 5. Definitions. As used in this Act:
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    "State agency" has the meaning given that term in the 
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Illinois Procurement Code.
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    "State executive branch constitutional officer" means the 
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Governor, the Lieutenant Governor, the Attorney General, the 
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Secretary of State, the State Comptroller, and the State 
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Treasurer.
 
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    Section 10. Contracts with financial institutions.  In 
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addition to any other criteria required or authorized by law or 
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rule, a State executive branch constitutional officer, a State 
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agency, or a unit of local government may include the following 
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in any request for proposals for contracts for financial 
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services with financial institutions and may consider the 
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following in evaluating any submitted proposals:
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        (1)   The average fee assessed by the institution for an 
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    automated teller machine transaction.
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        (2)   Whether the institution offers free checking 
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    services.
 


 






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        (3)   The institution's financial interest in a 
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    subsidiary or another institution engaged in payday 
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    lending.
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        (4)   Any other consumer-friendly provisions or aspects 
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    of the institution.
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    A financial institution may be required to supply the 
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information described in this Section in order to qualify as a 
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responsive offeror with respect to financial services 
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contracts awarded by a State executive branch constitutional 
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officer, a State agency, or a unit of local government.".