PUBLIC FUNDS-BRANCH CLOSINGS House SponsorsRep. La Shawn K. Ford 1/8/2013HouseSession Sine Die 30 ILCS 225/1.5 new Amends the Public Funds Deposit Act. Provides that a depository institution that intends to close, relocate, or consolidate a branch location that impacts a low-income, moderate-income, or economically depressed urban or rural community must comply with certain advance notice and hearing requirements. Provides for the State Treasurer to hold a public hearing and determine whether it is in the best interests of the State to allow the closing, relocation, or consolidation. If the institution does not abide with a determination by the State Treasurer adverse to the institution's intent, then it may not receive or retain deposits of public funds. Effective immediately. 5/16/2011HouseFiled with the Clerk by Rep. La Shawn K. Ford 5/16/2011HouseFirst Reading 5/16/2011HouseReferred to Rules Committee 1/8/2013HouseSession Sine Die