IL SB0133 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 24 2023 - 25% progression
Action: 2023-05-11 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Public Construction Bond Act. Provides that a local governmental unit may not withhold retainage of more than 5% from any payment to a contractor who furnishes the bond or bond substitute required by the Act and that the contractor and its subcontractors may not withhold retainage of more than 5% from their subcontractors. Defines "local governmental unit". Effective Immediately.

Tracking Information

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Title

PUBLIC CONSTRUCTION BONDS

Sponsors


History

DateChamberAction
2023-05-11SenateRule 3-9(a) / Re-referred to Assignments
2023-04-28SenateRule 2-10 Third Reading Deadline Established As May 11, 2023
2023-04-26SenateAdded as Co-Sponsor Sen. David Koehler
2023-03-31SenateRule 2-10(a) Third Reading Deadline Established As April 28, 2023
2023-03-29SenatePlaced on Calendar Order of 3rd Reading March 30, 2023
2023-03-29SenateSecond Reading
2023-03-08SenatePlaced on Calendar Order of 2nd Reading March 9, 2023
2023-03-08SenateDo Pass Judiciary; 009-000-000
2023-02-08SenatePostponed - Judiciary
2023-01-31SenateAssigned to Judiciary
2023-01-24SenateReferred to Assignments
2023-01-24SenateFirst Reading
2023-01-24SenateFiled with Secretary by Sen. Linda Holmes

Code Citations

ChapterArticleSectionCitation TypeStatute Text
305501Amended CodeCitation Text

Illinois State Sources


Bill Comments

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