Illinois General Assembly - Bill Status for HB4794
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 Bill Status of HB4794  95th General Assembly


Short Description:  LOCAL PROMPT PAY-RETAINAGE

House Sponsors
Rep. Timothy L. Schmitz

Last Action
DateChamber Action
  4/16/2008HouseTabled

Statutes Amended In Order of Appearance
50 ILCS 505/3from Ch. 85, par. 5603


Synopsis As Introduced
Amends the Local Government Prompt Payment Act. Provides that it is unlawful to withhold more than 5% retainage from payments earned by contractors and subcontractors for goods and services. Prohibits retainage if a payment bond has been furnished. Effective immediately.

House Committee Amendment No. 1
Provides that, for goods or services under a construction contract (instead of all goods or services furnished under the Local Government Prompt Payment Act), it is unlawful to withhold more than 5% retainage from payments earned by contractors and subcontractors. Provides that retainage must be reduced to an amount not to exceed 2.5% upon completion of 50% of the work under the contract.

Actions 
DateChamber Action
  2/6/2008HouseFiled with the Clerk by Rep. Timothy L. Schmitz
  2/6/2008HouseFirst Reading
  2/6/2008HouseReferred to Rules Committee
  2/22/2008HouseAssigned to Local Government Committee
  3/5/2008HouseHouse Committee Amendment No. 1 Filed with Clerk by Local Government Committee
  3/5/2008HouseHouse Committee Amendment No. 1 Adopted in Local Government Committee; by Voice Vote
  3/5/2008HouseRemains in Local Government Committee
  3/14/2008HouseRule 19(a) / Re-referred to Rules Committee
  4/15/2008HouseMotion Filed - Table Bill/Resolution Pursuant to Rule 60(b) Rep. Timothy L. Schmitz
  4/16/2008HouseMotion Prevailed
  4/16/2008HouseTabled

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