SCHOENBERG-GARRETT-OSTERMAN. 605 ILCS 10/16.2 new Amends the Toll Highway Act. Prohibits directors of the Illinois State Toll Highway Authority, their employees, and agents from receiving financial benefit from the letting of Authority contracts during their terms of service and for a period of one year following termination of their positions or employment with the Authority. Extends this prohibition to the immediate family or household members of the directors, employees, and agents of the Authority. Prohibits those persons from using material non-public information obtained as a result of their positions with the Authority or their family or household members' positions for their personal financial benefit and prohibits them from disclosing that information to others. STATE MANDATES NOTE, H-AM 1, 2, 3 (Illinois Department of Commerce and Community Affairs) In the opinion of DCCA, HB 4155 (H-ams 1, 2, 3) does not meet the definition of a State mandate under the State Mandates Act. STATE DEBT NOTE, H-AM 1, 2, 3 (Economic and Fiscal Commission) HB 4155, as amended by H-ams 1, 2 and 3, could affect the State's bonded indebtedness by an undetermined amount. FISCAL NOTE (Illinois State Toll Highway Authority) HB 4155 would likely require a refunding of outstanding bonds, requiring payment of bond interest plus allocation of necessary maintenance and operations expenses under the Tollway inden- ture. The current outstanding debt of the Tollway Authority is $815 million. This entire amount could become a contingent liability of the State and impact the State's credit. There could also be an impact on the credtworthiness of the Tollway Authority causing a possible downgrade in its credit rating. JAN-30-2002 H FILED WITH CLERK JAN-30-2002 H FIRST READING JAN-30-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-05-2002 H ASSIGNED TO COMMITTEE APP-GEN SERVS FEB-22-2002 H DO PASS/SHORT DEBATE 013-000-000 HAPG FEB-22-2002 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-22-2002 H SECOND READING-SHORT DEBATE MAR-22-2002 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE APR-01-2002 H ADDED AS A JOINT SPONSOR GARRETT APR-03-2002 H AMENDMENT NO. 01-SCHOENBERG APR-03-2002 H AMENDMENT REFERRED TO HRUL APR-03-2002 H AMENDMENT NO. 02-SCHOENBERG APR-03-2002 H AMENDMENT REFERRED TO HRUL APR-03-2002 H AMENDMENT NO. 03-SCHOENBERG APR-03-2002 H AMENDMENT REFERRED TO HRUL APR-03-2002 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE APR-03-2002 H ADDED AS A JOINT SPONSOR OSTERMAN APR-04-2002 H STATE MNDT FISCAL NOTE FILED AS AMENDED BY HA #1,2,3 APR-04-2002 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE APR-05-2002 H AMENDMENT NO. 01-SCHOENBERG APR-05-2002 H RULES REFERS TO HAPG APR-05-2002 H AMENDMENT NO. 02-SCHOENBERG APR-05-2002 H RULES REFERS TO HAPG APR-05-2002 H AMENDMENT NO. 03-SCHOENBERG APR-05-2002 H RULES REFERS TO HAPG APR-05-2002 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE APR-05-2002 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL APR-09-2002 H ST DEBT IMPACT NOTE FILED AS AMENDED BY HA'S #01,02,03 APR-09-2002 H COMMITTEE RULES APR-15-2002 H FISCAL NOTE FILED AS AMENDED BY HOUSE AMEND #1 APR-15-2002 H COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary