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<xml>
<title>Illinois General Assembly - Bill Status for SB 1365   </title>
<shortdesc>PINSTRIPE PATRONAGE ACT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Pamela J. Althoff-Dan Duffy-Kyle McCarter and Bill Brady</sponsors>
</sponsor>
<lastaction>
<statusdate>1/12/2011</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>20 ILCS 3501/845-53 new</reference><aliasreference></aliasreference><reference>20 ILCS 3805/26.2 new</reference><aliasreference></aliasreference><reference>110 ILCS 947/145.2 new</reference><aliasreference></aliasreference><SynopsisText>Creates the Pinstripe Patronage Transparency Act. Requires each State agency or office that issues bonds to compile a summary of all costs of issuance on each bond sale (including both costs paid out of proceeds and those paid out of appropriated funds) and post that summary on its website within 20 business days after the issuance of the bonds. The summary shall include, as applicable, the respective percentages of participation and compensation of each underwriter that is a member of the underwriting syndicate, legal counsel, financial advisors, and other professionals for the bond issue and an identification of all costs of issuance paid to minority owned businesses, female owned businesses, and businesses owned by persons with disabilities. Requires reporting. Amends the Illinois Finance Authority Act, Illinois Housing Development Act, and Higher Education Student Assistance Act to impose the same requirements. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/10/2009</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Pamela J. Althoff</action>
<statusdate>2/10/2009</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/10/2009</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/18/2009</statusdate><chamber>Senate</chamber><action>Assigned to Executive</action>
<statusdate>2/18/2009</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Dan Duffy</action>
<statusdate>2/27/2009</statusdate><chamber>Senate</chamber><action>To Executive Subcommittee on Ethics</action>
<statusdate>2/27/2009</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Kyle McCarter</action>
<statusdate>3/12/2009</statusdate><chamber>Senate</chamber><action>Held in Executive;  Subcommittee on Ethics</action>
<statusdate>3/13/2009</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 3, 2009</action>
<statusdate>4/2/2009</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Bill Brady</action>
<statusdate>4/3/2009</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/12/2011</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

