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: Moderate Partisan Bill (Democrat 4-1)

Status: (Introduced - Dead) 2011-04-06 - Third Reading - Short Debate - Lost 049-060-001 [HB1292 Detail]

Text: Latest bill text (Engrossed) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Patrick Verschoore [D]	Primary	Sponsored Bills	HD-072	FollowTheMoney	Ballotpedia	VoteSmart
Representative Louis Lang [D]	Cosponsor	Sponsored Bills	HD-016	FollowTheMoney	Ballotpedia	VoteSmart
Representative Thomas Holbrook [D]	Cosponsor	Sponsored Bills	HD-113	FollowTheMoney	Ballotpedia	VoteSmart
Representative Thomas Morrison [R]	Cosponsor	Sponsored Bills	HD-054	FollowTheMoney	Ballotpedia	VoteSmart
Representative Lisa Dugan [D]	Cosponsor	Sponsored Bills	HD-079	FollowTheMoney	Ballotpedia	VoteSmart

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