Bill Title: 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 immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2014-12-03 - Session Sine Die [HB1227 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Amended	2013-03-19	HTML/Text	Link	View
Introduced	2013-01-31	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB1227

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB1227 currently on file.

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