IL SB1395 | 2015-2016 | 99th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 20 2015 - 25% progression, died in committee
Action: 2015-04-24 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 20 2015 - 25% progression, died in committee
Action: 2015-04-24 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Contractor Prompt Payment Act. Provides that under a construction contract, it is unlawful to withhold more than 5% retainage on payments earned by contractors and subcontractors. Effective January 1, 2016.
Title
CONTRACTR PROMPT PAY-RETAINAGE
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-04-24 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2015-03-27 | Senate | Rule 2-10 Committee Deadline Established As April 24, 2015 |
| 2015-03-03 | Senate | Assigned to Labor |
| 2015-02-20 | Senate | Referred to Assignments |
| 2015-02-20 | Senate | First Reading |
| 2015-02-20 | Senate | Filed with Secretary by Sen. Wm. Sam McCann |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 815 | 603 | 10 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1395&GAID=13&DocTypeID=SB&SessionID=88&GA=99 |
| Text | https://www.ilga.gov/legislation/99/SB/09900SB1395.htm |
