Illinois SB 1301: PROPERTY TAXES-TECH

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 Full Text of SB1301

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 SB1301 - 104th General Assembly 

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 Senate Amendment 001 
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SB1301 EnrolledLRB104 08229 SPS 18279 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 Deposit of State Moneys Act is amended by 

5changing Sections 16.1 and 16.3 as follows:

6 (15 ILCS 520/16.1) (from Ch. 130, par. 35.1)

7 Sec. 16.1. Depository reports. The State Treasurer may 

8request, at his discretion, a financial institution, as a 

9condition to serving as a State depository of public funds, to 

10submit to the State Treasurer a copy of the consolidated 

11report of condition and income required to be submitted on a 

12periodic basis to a State state or federal regulator of the 

13financial institution, and a copy of the financial 

14institution's Illinois Community Reinvestment Act statement 

15and examination, if available, and a copy of the financial 

16institution's federal Community Reinvestment Act of 1977 

17statement and examination, if available. Nothing in this 

18Section, however, shall require a financial institution to 

19submit any document or part thereof deemed to be confidential 

20by a State or federal regulator of the financial institution.

21(Source: P.A. 87-510.)

22 (15 ILCS 520/16.3)

SB1301 Enrolled- 2 -LRB104 08229 SPS 18279 b

1 Sec. 16.3. Consideration of financial institution's 

2commitment to its community.

3 (a) In addition to any other requirements of this Act, the 

4State Treasurer shall consider the financial institution's 

5record and current level of financial commitment to its local 

6community when deciding whether to deposit State funds in th