Illinois Administrative Code › Title 74 - PUBLIC FINANCE › Part 600 - BANKING AND AUTOMATED TELLER MACHINE SERVICES › Section 600.110 - Definitions

Current through Register Vol. 48, No. 28, July 12, 2024
"Administrative Expenses" means all expenses associated with
				the implementation, administration, marketing and operation of the Program.
				These expenses may include, but are not limited to, staff salaries, benefits,
				costs incurred in performing outreach activities and providing technical
				assistance to State agencies, the use of the Office of the Treasurer's
				equipment for Program purposes, the cost of office space and utilities incurred
				in connection with the Program, and fees payable to third parties.
"Automatic Teller Machine" or "ATM" means any electronic
				information processing device that accepts or dispenses cash in connection with
				a credit, deposit or convenience account.
"Automatic Teller Machines Services" or "ATM Services" means
				the act of providing an ATM pursuant to a written agreement as required by this
				Part.
"Banking Services" means those services provided by a financial
				institution relating to the management, investment, transfer and lending of
				money that the financial institution is authorized by law to provide to the
				public.
"Credit Union" means a cooperative, non-profit association,
				incorporated under the Illinois Credit Union Act [205 ILCS 305 ], under the
				laws of the United States of America or under the laws of another state, for
				the purposes of encouraging thrift among its members, creating a source of
				credit at a reasonable rate of interest, and providing an opportunity for its
				members to use and control their own money in order to improve their economic
				and social conditions.
"Currency Exchange" means either a "community currency
				exchange" or an "ambulatory currency exchange" as those terms are defined by
				the Currency Exchange Act [205 ILCS 405 ].
"Financial Institution", in relation to banking services, means
				a state or federally chartered bank, savings and loan association, savings bank
				or credit union.
"Jurisdiction of the Property" means the State agency that is
				in possession or occupancy of land by right or title.
"Operator" means any business entity or other person who
				operates an ATM and provides ATM services.
"State Agency" means and includes all boards, commissions,
				agencies, institutions and authorities, created by or in accordance with the
				Illinois Constitution or Illinois statute, of the executive branch of State
				government. "State agency" does not include colleges, universities,
				institutions under the jurisdiction of the governing boards of the University
				of Illinois, Southern Illinois University, Illinois State University, Eastern
				Illinois University, Northern Illinois University, Western Illinois University,
				Chicago State University, Governors State University, Northeastern Illinois
				University, the Board of Higher Education, public employee retirement systems,
				investment boards that are subject to fiduciary duties imposed by the Illinois
				Pension Code [40 ILCS 5 ], the University of Illinois Foundation, units of
				local government, school districts, community colleges under the Public
				Community College Act [110 ILCS 805 ], and the Illinois Comprehensive Health
				Insurance Program.
"State Fairgrounds" has the same meaning as ascribed in the
				Illinois State Fair Act [20 ILCS 210 ].
"State Office Building" means any space or structure leased or
				owned by a State agency.
"State Property" means any property specified in the State
				Parks Designation Act [20 ILCS 840 ], i.e., State Park, State Memorial, State
				Conservation Area, State Natural Area, the Jim Edgar Panther Creek State Fish
				and Wildlife Area, State Recreational Area, State Boating Access Area.
"State Tourism Center" means any property or facility operated
				and maintained by a State agency for the purpose, at least in part, of
				providing information to members of the public regarding local accommodations,
				businesses, restaurants, transportation, events, fairs, festivals and other
				items of interest.