IL SB3214

Amends the Regional Transportation Authority Act to allow the Authority or a Service Board to enter into fuel price hedging agreements including option contracts, forward contracts, futures contracts, swaps, caps, and collars for managing volatile fuel prices.

Fuel risk management agreements are permitted only to the extent determined by the Board of Directors or governing body of a Service Board to be in the best interests of the Authority or Service Board.

Agreements may include price floors or ceilings, or both, to protect against fuel price volatility.

Establishes a two-year pilot program in DuPage County in cooperation with the Illinois Commerce Commission and local law enforcement to test automated railroad grade crossing enforcement systems.

Clarifies that the Commuter Rail Board shall continue operating the Northeast Illinois Regional Commuter Railroad Corporation as a separate operating unit subject to the Board's supervision and direction.