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<xml>
<title>Illinois General Assembly - Bill Status for SB 3214   </title>
<shortdesc>CTA/RTA-FUEL RISK MANAGEMENT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Susan Garrett</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Michael W. Tryon)</altsponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>70 ILCS 3605/54 new</reference><aliasreference></aliasreference><reference>70 ILCS 3615/2.20</reference><aliasreference>from Ch. 111 2/3, par. 702.20</aliasreference><SynopsisText>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.</SynopsisText><synopsistitle>Senate Committee Amendment No. 1</synopsistitle>
<reftype>Deletes reference to:</reftype><reference>70 ILCS 3605/54 new</reference><aliasreference></aliasreference><reftype>Adds reference to:</reftype><reference>70 ILCS 3615/2.20</reference><aliasreference>from Ch. 111 2/3, par. 702.20</aliasreference><SynopsisText>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.</SynopsisText></synopsis>
<actions>
<statusdate>2/1/2012</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Susan Garrett</action>
<statusdate>2/1/2012</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/1/2012</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/7/2012</statusdate><chamber>Senate</chamber><action>Assigned to Transportation</action>
<statusdate>2/22/2012</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Filed with Secretary by Sen. Susan Garrett</action>
<statusdate>2/22/2012</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Referred to Assignments</action>
<statusdate>2/23/2012</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Assignments Refers to Transportation</action>
<statusdate>2/24/2012</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Postponed - Transportation</action>
<statusdate>2/24/2012</statusdate><chamber>Senate</chamber><action>Postponed - Transportation</action>
<statusdate>2/28/2012</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Adopted</action>
<statusdate>2/29/2012</statusdate><chamber>Senate</chamber><action>Do Pass as Amended Transportation;  008-000-000</action>
<statusdate>2/29/2012</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 1, 2012</action>
<statusdate>3/8/2012</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>3/8/2012</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading March 21, 2012</action>
<statusdate>3/28/2012</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 054-000-000</action>
<statusdate>3/28/2012</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>3/28/2012</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Michael W. Tryon</action>
<statusdate>3/28/2012</statusdate><chamber>House</chamber><action>Placed on Calendar Order of First Reading</action>
<statusdate>3/28/2012</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>3/28/2012</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

