SB3276 EnrolledLRB098 16226 OMW 52561 b

1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Treasurer Act is amended by adding
5Sections 20 and 25 as follows:
 
6    (15 ILCS 505/20 new)
7    Sec. 20. State Treasurer administrative charge. The State
8Treasurer may retain an administrative charge for the costs of
9services associated with the deposit of moneys that are
10remitted directly to the State Treasurer. The administrative
11charge collected under this Section shall be deposited into the
12State Treasurer's Administrative Fund. The amount of the
13administrative charge may be determined by the State Treasurer
14and shall not exceed 2% of the amount deposited.
15    This Section shall apply to fines, fees, or other amounts
16remitted directly to the State Treasurer by circuit clerks,
17county clerks, and other entities for deposit into a fund in
18the State treasury. This Section does not apply to amounts
19remitted by State agencies or certified collection specialists
20as defined in 74 Ill. Admin. Code 1200.50. This Section shall
21apply only to any form of fines, fees, or other collections
22created on or after the effective date of this amendatory Act
23of the 98th General Assembly.
 

 

 

SB3276 Enrolled- 2 -LRB098 16226 OMW 52561 b

1    (15 ILCS 505/25 new)
2    Sec. 25. State Treasurer's Administrative Fund. All cost
3recoveries, fees for services, and governmental grants
4received by the State Treasurer shall be maintained in a trust
5fund in the State treasury, to be known as the State
6Treasurer's Administrative Fund. Moneys in the State
7Treasurer's Administrative Fund may be utilized by the State
8Treasurer in the discharge of the duties of the office. All
9interest earned by the investment or deposit of moneys
10accumulated in the Fund shall be deposited into the Fund.
 
11    Section 10. The State Finance Act is amended by adding
12Section 5.855 as follows:
 
13    (30 ILCS 105/5.855 new)
14    Sec. 5.855. The State Treasurer's Administrative Fund.
 
15    Section 99. Effective date. This Act takes effect upon
16becoming law.