Sec. 48.05. Regulatory fees.

145 words·~1 min read·/il/chapter-205/act-5/48-05

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Sec. 48.05. Regulatory fees. 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:

19.295Â per $1,000 of the first $5,000,000 of total assets;

18.16Â per $1,000 of the next $20,000,000 of total assets;

15.89Â per $1,000 of the next $75,000,000 of total assets;

10.7825Â per $1,000 of the next $400,000,000 of total assets;

8.5125Â per $1,000 of the next $500,000,000 of total assets;

6.2425Â per $1,000 of the next $19,000,000,000 of total assets;

2.27Â per $1,000 of the next $30,000,000,000 of total assets;

1.135Â per $1,000 of the next $50,000,000,000 of total assets; and

0.5675Â per $1,000 of all assets in excess of $100,000,000,000 of the state bank.