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 January 1, 2014.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2015-01-13 - Session Sine Die [SB2161 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2013-02-15	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB2161

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2161 currently on file.

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