|
| | 09900HB0201ham001 | - 2 - | LRB099 01014 AWJ 33336 a |
|
|
1 | | contractor shall submit an additional surety bond to the |
2 | | municipality as a condition of licensure. |
3 | | (b) If a municipality assesses fees or fines against a |
4 | | contractor, and the contractor does not pay those fees or |
5 | | fines, the municipality may collect the fees or fines by |
6 | | redeeming the surety bond. The municipality shall so inform the |
7 | | county and instruct the county to redeem the surety bond. The |
8 | | county shall disperse all funds from the surety bond to the |
9 | | municipalities in the order in which the unpaid fees and fines |
10 | | from the municipalities were submitted to the county. The |
11 | | county may impose an additional fee against the contractor if a |
12 | | surety bond is redeemed under this Section. |
13 | | (c) A home rule unit may not regulate surety bonds in a |
14 | | manner inconsistent with this Section. This Section is a |
15 | | limitation under subsection (i) of Section 6 of Article VII of |
16 | | the Illinois Constitution on the concurrent exercise by home |
17 | | rule units of powers and functions exercised by the State or |
18 | | other units of local government.
|
19 | | Section 10. The Illinois Municipal Code is amended by |
20 | | adding Section 11-39-5 as follows: |
21 | | (65 ILCS 5/11-39-5 new) |
22 | | Sec. 11-39-5. Surety bond program. Notwithstanding any |
23 | | provision of this Code to the contrary, where a county has |
24 | | enacted a surety bond program under Section 5-1123.5 of the |