Bill Text: IL SB3165 | 2011-2012 | 97th General Assembly | Introduced

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Bill Title: Amends the State Prompt Payment Act. Makes a technical change concerning interest penalties.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [SB3165 Detail]

Download: Illinois-2011-SB3165-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 SB3165 Introduced 2/1/2012, by Sen. Dan Kotowski SYNOPSIS AS INTRODUCED:
30 ILCS 540/3-1 from Ch. 127, par. 132.403-1
Amends the State Prompt Payment Act. Makes a technical change concerning interest penalties.
LRB097 19739 PJG 64999 b
A BILL FOR
SB3165 LRB097 19739 PJG 64999 b
AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The State Prompt Payment Act is amended by
changing Section 3-1 as follows:
(30 ILCS 540/3-1) (from Ch. 127, par. 132.403-1)
Sec. 3-1. The The Illinois Court of Claims shall, in its
investigation of payments due claimants, provide for interest
penalties as prescribed in this Act; however, interest
penalties in claims pursuant to the Line of Duty Compensation
Act shall be paid in accordance with subsection (3) of Section
24 of the Court of Claims Act.
(Source: P.A. 95-928, eff. 8-26-08.)