(205 ILCS 205/9002.5)
Sec. 9002.5. Regulatory fees.
(a) For the fiscal year beginning July 1, 2007 and every year thereafter, each savings bank and each service corporation operating under this Act shall pay a fixed fee of $520, plus a variable fee based on the total assets of the savings bank or service corporation at the following rates:
24.97¢ per $1,000 of the first $2,000,000 of total
assets;
22.70¢ per $1,000 of the next $3,000,000 of total
assets;
20.43¢ per $1,000 of the next $5,000,000 of total
assets;
17.025¢ per $1,000 of the next $15,000,000 of total
assets;
14.755¢ per $1,000 of the next $25,000,000 of total
assets;
12.485¢ per $1,000 of the next $50,000,000 of total
assets;
10.215¢ per $1,000 of the next $400,000,000 of total
assets;
6.81¢ per $1,000 of the next $500,000,000 of total
assets; and
4.54¢ per $1,000 of all total assets in excess of
$1,000,000,000 of such savings bank or service corporation.
(b) The Secretary shall receive and there shall be paid to the Secretary an additional fee as an adjustment to the supervisory fee, based upon the difference between the total assets of each savings bank and each service corporation as shown by its financial report filed with the Secretary for the reporting period of the calendar year ended December 31 on which the supervisory fee was based and the total assets of each savings bank and each service corporation as shown by its financial report filed with the Secretary for the reporting period of the calendar year ended December 31 in which the quarterly payments are made according to the following schedule:
24.97¢ per $1,000 of the first $2,000,000 of total
assets;
22.70¢ per $1,000 of the next $3,000,000 of total
assets;
20.43¢ per $1,000 of the next $5,000,000 of total
assets;
17.025¢ per $1,000 of the next $15,000,000 of total
assets;
14.755¢ per $1,000 of the next $25,000,000 of total
assets;
12.485¢ per $1,000 of the next $50,000,000 of total
assets;
10.215¢ per $1,000 of the next $400,000,000 of total
assets;
6.81¢ per $1,000 of the next $500,000,000 of total
assets; and
4.54¢ per $1,000 of all total assets in excess of
$1,000,000,000 of such savings bank or service corporation.
(c) The Secretary shall receive and there shall be paid to the Secretary by each savings bank and each service corporation a fee of $520 for each approved branch office or facility office established under the Illinois Administrative Code. The determination of the fees shall be made annually as of the close of business of the prior calendar year ended December 31.
(d) The Secretary shall receive for each fiscal year, commencing with the fiscal year ending June 30, 2014, a contingent fee equal to the lesser of the aggregate of the fees paid by all savings banks under subsections (a), (b), and (c) of this Section for that year, or the amount, if any, whereby the aggregate of the administration expenses, as defined in subsection (c) of Section 9002.1 of this Act, for that fiscal year exceeds the sum of the aggregate of the fees payable by all savings banks for that year under subsections (a), (b), and (c) of this Section, plus any amounts transferred into the Savings Bank Regulatory Fund from the State Pensions Fund for that year, plus all other amounts collected by the Secretary for that year under any other provision of this Act. The aggregate amount of the contingent fee thus arrived at for any fiscal year shall be apportioned amongst, assessed upon, and paid by the savings banks, respectively, in the same proportion that the fee of each under subsections (a), (b), and (c) of this Section, respectively, for that year bears to the aggregate for that year of the fees collected under subsections (a), (b), and (c) of this Section. The aggregate amount of the contingent fee, and the portion thereof to be assessed upon each savings bank, respectively, shall be determined by the Secretary and shall be paid by each, respectively, within 120 days of the close of the period for which the contingent fee is computed and is payable, and the Secretary shall give 20 days advance notice of the amount of the contingent fee payable by the savings bank and of the date fixed by the Secretary for payment of the fee.
(Source: P.A. 98-1081, eff. 1-1-15.)
Sections: Previous 9001 9002 9002.1 9002.5 9003 9004 9005 9006 9007 9008 9009 9010 9011 9012 Next
Last modified: February 18, 2015