Illinois Senate Bill 2255 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the State Prompt Payment Act. Provides that, for bills approved for payment on or after July 1, 2018, the prompt payment interest rate for the fiscal year shall be the greater of (i) 3% or (ii) 2 times the percentage increase, if any, in the Consumer Price Index For All Urban Consumers during the 12-month period immediately preceding the first day of the fiscal year (currently, 1% generally and 2% for certain bills submitted under Article V of the Illinois Public Aid Code). Effective immediately.

PROMPT PAYMENT-INTEREST

Sen. Laura Murphy [D]

Date	Chamber	Action
2019-01-09	Senate	Session Sine Die
2018-05-03	Senate	Rule 3-9(a) / Re-referred to Assignments
2018-04-27	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 3, 2018
2018-04-13	Senate	Rule 2-10 Committee Deadline Established As April 27, 2018
2018-04-10	Senate	Senate Committee Amendment No. 1 Pursuant to Senate Rule 3-8(b-1), this amendment will remain in the Committee on Assignments.
2018-04-06	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2018-04-06	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Laura M. Murphy
2018-01-24	Senate	Assigned to Appropriations I
2017-11-01	Senate	Referred to Assignments
2017-11-01	Senate	First Reading
2017-11-01	Senate	Filed with Secretary by Sen. Laura M. Murphy

Chapter	Article	Section	Citation Type	Statute Text
30	540	3-2	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2255&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB2255.htm
Amendment	https://www.ilga.gov/legislation/100/SB/10000SB2255sam001.htm