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 Bill Status of HB4531  100th General Assembly


House Sponsors
Rep. Martin J. Moylan

Last Action
DateChamber Action
  2/2/2018HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
30 ILCS 550/3
55 ILCS 5/5-1123
65 ILCS 5/11-39-3

Synopsis As Introduced
Amends the Public Construction Bond Act, the Counties Code, and the Illinois Municipal Code. Allows a county or municipality to require an irrevocable letter of credit, surety bond, or letter of commitment issued by a bank, savings and loan association, surety, or insurance company from a builder or developer to guarantee completion of a project improvement. Eliminates the preemption of home rule powers.

DateChamber Action
  2/2/2018HouseFiled with the Clerk by Rep. Martin J. Moylan
  2/2/2018HouseFirst Reading
  2/2/2018HouseReferred to Rules Committee

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