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Synopsis As Introduced Amends the State Comptroller Act. Provides that all State payments for an employee's payroll, a retiree's pension, or an employee's expense reimbursement must be made through direct deposit. Provides that all State payments to a vendor that exceed a certain allowable limit of paper warrants in a fiscal year, by the same agency, must be made through direct deposit. Provides that, if a State agency fails to meet the direct deposit requirements, the Comptroller may charge the employee, retiree, or vendor a processing fee of $2.50 per paper warrant. Amends the State Prompt Payment Act. Provides that an individual interest penalty for a late payment owed by the State amounting to $5 or less shall not be paid by the State. Provides that the Comptroller may require all interest penalty payments to be made through direct deposit. Effective immediately.
House Floor Amendment No. 5 Replaces everything after the enacting clause. Amends the State Comptroller Act. Provides that State payments for an employee's payroll or an employee's expense reimbursement must be made through direct deposit. Sets forth exceptions, including collective bargaining agreements and hardship. Provides that all State payments to a vendor that exceed a certain allowable limit of paper warrants in a fiscal year, by the same agency, must be made through direct deposit. Exempts the legislative and judicial branches of State government from these requirements. Provides that, if a State agency fails to meet the direct deposit requirements, the Comptroller may charge the employee or vendor a processing fee of $2.50 per paper warrant. Amends the State Prompt Payment Act. Provides that an individual interest penalty for a late payment owed by the State amounting to $5 or less shall not be paid by the State, except for certain claims under Article V of the Illinois Public Aid Code, the Covering ALL KIDS Health Insurance Act, or the Children's Health Insurance Program Act to the Department of Healthcare and Family Services. Effective immediately.
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