Illinois Compiled Statutes 205 ILCS 5/48.05 – Regulatory fees
Current as of: 2024 | Check for updates
|
Other versions
For the fiscal year beginning July 1, 2007 and every year thereafter, each state bank regulated by the Department shall pay a regulatory fee to the Department based upon its total assets as reflected in the most recent quarterly report of condition at the following rates:
19.295? per $1,000 of the first $5,000,000 of total
19.295? per $1,000 of the first $5,000,000 of total
|
assets;
|
18.16? per $1,000 of the next $20,000,000 of total
|
assets;
|
15.89? per $1,000 of the next $75,000,000 of total
|
assets;
|
10.7825? per $1,000 of the next $400,000,000 of total
|
assets;
|
8.5125? per $1,000 of the next $500,000,000 of total
|
assets;
|
6.2425? per $1,000 of the next $19,000,000,000 of
|
total assets;
|
2.27? per $1,000 of the next $30,000,000,000 of total
|
assets;
|
1.135? per $1,000 of the next $50,000,000,000 of
|
total assets; and
|
0.5675? per $1,000 of all assets in excess of
|
$100,000,000,000 of the state bank.
|
Terms Used In Illinois Compiled Statutes 205 ILCS 5/48.05
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14