Bill Status of HB4126  94th General Assembly

Short Description:  PROMPT PAYMENT-PENALTY

House Sponsors
Rep. Bill Mitchell - Robert W. Pritchard

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 540/3-2from Ch. 127, par. 132.403-2


Synopsis As Introduced
Amends the Prompt Payment Act. Provides that any bill submitted under Article V of the Illinois Public Aid Code approved for payment must be paid or the payment issued to the payee within 30 days (now, 60 days) of receipt of a proper bill or invoice, and, if payment is not issued to the payee within this 30-day period, an interest penalty of 2.0% (now, 1.0%) of any amount approved and unpaid shall be added for each month or fraction thereof after the end of this 30-day period, until final payment is made.

Actions 
DateChamber Action
  10/17/2005HouseFiled with the Clerk by Rep. Bill Mitchell
  10/17/2005HouseChief Co-Sponsor Rep. Robert W. Pritchard
  10/19/2005HouseFirst Reading
  10/19/2005HouseReferred to Rules Committee
  1/9/2007HouseSession Sine Die