TREAS-LINKED DEPOSITS

Amends the Deposit of State Moneys Act. Provides that the Treasurer may not create a linked deposit program unless he or she provides notice to the General Assembly, the Governor, and the Comptroller and prohibits the Treasurer from entering into any agreement with a financial institution concerning a linked deposit program if, within 30 days after the General Assembly next convenes after receiving the notice, either house of the General Assembly disapproves the program by the record vote of a majority of the members elected. Requires the Treasurer to provide notice to the General Assembly, the Governor, and the Comptroller of each linked deposit program that exists on the effective date of this amendatory Act and provides that, if, within 30 days after the General Assembly next convenes after receiving the notice, either house of the General Assembly disapproves the program by the record vote of a majority of the members elected, then the Treasurer must conclude the linked deposit program as soon as possible upon the expiration of any existing agreements concerning the program. Effective immediately.