Illinois General Assembly - Bill Status for SB3214
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 Bill Status of SB3214  98th General Assembly


Short Description:  CTA/RTA-FUEL RISK MANAGEMENT

Senate Sponsors
Sen. Susan Garrett

House Sponsors
(Rep. Michael W. Tryon)

Last Action
DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
70 ILCS 3605/54 new
70 ILCS 3615/2.20from Ch. 111 2/3, par. 702.20


Synopsis As Introduced
Amends the Metropolitan Transit Authority Act and the Regional Transportation Authority Act. Provides that the Regional Transportation Authority or a Service Board may enter into an option contract, forward contract, futures contract, swap, cap, or collar agreement with price floors or ceilings, or both, for fuel risk management purposes, subject to the approval of the Board of Directors of the Regional Transportation Authority.

Senate Committee Amendment No. 1
Deletes reference to:
70 ILCS 3605/54 new
Adds reference to:
70 ILCS 3615/2.20from Ch. 111 2/3, par. 702.20

Replaces everything after the enacting clause. Amends the Regional Transportation Authority Act. Provides that the Regional Transportation Authority or a Service Board may enter into an option contract, forward contract, futures contract, swap, cap, or collar agreements with price floors or ceilings, or both, for fuel risk management purposes, subject to the approval of the Board of Directors of the Regional Transportation Authority or governing body of a Service Board.

Actions 
DateChamber Action
  2/1/2012SenateFiled with Secretary by Sen. Susan Garrett
  2/1/2012SenateFirst Reading
  2/1/2012SenateReferred to Assignments
  2/7/2012SenateAssigned to Transportation
  2/22/2012SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Susan Garrett
  2/22/2012SenateSenate Committee Amendment No. 1 Referred to Assignments
  2/23/2012SenateSenate Committee Amendment No. 1 Assignments Refers to Transportation
  2/24/2012SenateSenate Committee Amendment No. 1 Postponed - Transportation
  2/24/2012SenatePostponed - Transportation
  2/28/2012SenateSenate Committee Amendment No. 1 Adopted
  2/29/2012SenateDo Pass as Amended Transportation; 008-000-000
  2/29/2012SenatePlaced on Calendar Order of 2nd Reading March 1, 2012
  3/8/2012SenateSecond Reading
  3/8/2012SenatePlaced on Calendar Order of 3rd Reading March 21, 2012
  3/28/2012SenateThird Reading - Passed; 054-000-000
  3/28/2012HouseArrived in House
  3/28/2012HouseChief House Sponsor Rep. Michael W. Tryon
  3/28/2012HousePlaced on Calendar Order of First Reading
  3/28/2012HouseFirst Reading
  3/28/2012HouseReferred to Rules Committee
  1/8/2013SenateSession Sine Die

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