Illinois General Assembly - Bill Status for HB6095
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 Bill Status of HB6095  96th General Assembly

Short Description:  PUBLIC CONSTRUCTION BONDS

House Sponsors
Rep. Linda Chapa LaVia

Last Action
DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 550/3


Synopsis As Introduced
Amends the Public Construction Bond Act concerning a cash bond or other surety from a builder or developer. Allows a county or municipality to require a cash bond or other surety (instead of the county or municipality being required to accept a letter of credit or other instrument issued by a financial institution). Eliminates a procedure whereby an engineer or architect may certify completion of a project and 60 days after notice the county or municipality must pay interest on any unrefunded bond. Eliminates the preemption of home rule powers. Effective immediately.

Actions 
DateChamber Action
  2/11/2010HouseFiled with the Clerk by Rep. Linda Chapa LaVia
  2/11/2010HouseFirst Reading
  2/11/2010HouseReferred to Rules Committee
  1/11/2011HouseSession Sine Die

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