97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0479

 

Introduced 01/31/11, by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 212/10

    Amends the State Treasurer's Bank Services Trust Fund Act. Makes a technical change in a Section concerning creation of the Fund.


LRB097 03306 PJG 43343 b

 

 

A BILL FOR

 

HB0479LRB097 03306 PJG 43343 b

1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Treasurer's Bank Services Trust Fund
5Act is amended by changing Section 10 as follows:
 
6    (30 ILCS 212/10)
7    Sec. 10. Creation of Fund. There is hereby created in the
8the State treasury a special fund to be known as the State
9Treasurer's Bank Services Trust Fund. Moneys deposited in the
10Fund shall be used by the State Treasurer to pay the cost of
11the following banking services: processing of payments of
12taxes, fees, and other moneys due the State; transactional
13charges related to the investment or safekeeping of funds under
14the Treasurer's control; and the cost of paying bondholders
15under the State's general obligation bond program.
16(Source: P.A. 89-153, eff. 7-14-95.)