IL HB2636

Amends the Deposit of State Moneys Act to allow banks, savings banks, and credit unions to submit proposals to the State Treasurer even if they do not offer products or services in Illinois, unless specific state-related requirements are noted in the public solicitation.

Preserves the State Treasurer's discretion in selecting financial institutions for state deposits.

Amends the Public Funds Investment Act with identical provisions allowing banks, savings banks, and credit unions to submit proposals to public agencies regardless of in-state operations, except where specific requirements are listed in solicitations.

Maintains public agencies' discretion in selecting financial institutions under the Public Funds Investment Act.