IL SB2729 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on January 12 2024 - 25% progression
Action: 2024-05-25 - Rule 2-10 Committee/3rd Reading Deadline Established As May 26, 2024
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 12 2024 - 25% progression
Action: 2024-05-25 - Rule 2-10 Committee/3rd Reading Deadline Established As May 26, 2024
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the Government Contract Retainage Act. Defines terms, including that "retainage" means a portion of money withheld from the payment of a contract for a specified period of time to ensure that a contractor or subcontractor finishes a construction project completely and finishes in the manner specified in the contract. Provides that interest shall accrue monthly on the first day of each month on retainage withheld by a governmental unit at a specified rate set by the State Treasurer. Requires retainage withheld by a governmental unit to be paid not more than 60 days after being retained, including interest accrued, unless the retainage was withheld on the last pay period of a project shall, which shall be paid not more than 120 days after being retained. Limits the concurrent exercise of home rule powers.
Title
GOVERNMENT CONTRACT RETAINAGE
Sponsors
| Sen. Willie Preston [D] | Sen. Javier Cervantes [D] | Sen. Ram Villivalam [D] | Sen. Rachel Ventura [D] |
| Sen. Mattie Hunter [D] | Sen. Adriane Johnson [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-05-25 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 26, 2024 |
| 2024-05-24 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 25, 2024 |
| 2024-05-17 | Senate | Rule 2-10 Committee Deadline Established As May 24, 2024 |
| 2024-05-03 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 17, 2024 |
| 2024-04-12 | Senate | Rule 2-10 Third Reading Deadline Established As May 3, 2024 |
| 2024-04-10 | Senate | Senate Committee Amendment No. 3 To Subcommittee on Procurement |
| 2024-04-10 | Senate | Senate Committee Amendment No. 2 To Subcommittee on Procurement |
| 2024-04-09 | Senate | Added as Co-Sponsor Sen. Adriane Johnson |
| 2024-04-09 | Senate | Senate Committee Amendment No. 3 Assignments Refers to Executive |
| 2024-04-05 | Senate | Rule 2-10 Committee Deadline Established As May 3, 2024 |
| 2024-03-21 | Senate | Senate Committee Amendment No. 3 Referred to Assignments |
| 2024-03-21 | Senate | Senate Committee Amendment No. 3 Filed with Secretary by Sen. Willie Preston |
| 2024-03-20 | Senate | Senate Committee Amendment No. 2 Assignments Refers to Executive |
| 2024-03-20 | Senate | Senate Committee Amendment No. 2 Referred to Assignments |
| 2024-03-20 | Senate | Senate Committee Amendment No. 2 Filed with Secretary by Sen. Willie Preston |
| 2024-03-15 | Senate | Rule 2-10 Committee Deadline Established As April 5, 2024 |
| 2024-03-07 | Senate | Senate Committee Amendment No. 1 To Subcommittee on Procurement |
| 2024-02-28 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Executive |
| 2024-02-23 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2024-02-23 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Willie Preston |
| 2024-02-21 | Senate | Added as Chief Co-Sponsor Sen. Mattie Hunter |
| 2024-02-20 | Senate | Added as Chief Co-Sponsor Sen. Rachel Ventura |
| 2024-02-20 | Senate | Sponsor Removed Sen. Rachel Ventura |
| 2024-02-20 | Senate | Added as Co-Sponsor Sen. Rachel Ventura |
| 2024-02-08 | Senate | Added as Chief Co-Sponsor Sen. Ram Villivalam |
| 2024-02-08 | Senate | To Subcommittee on Procurement |
| 2024-02-08 | Senate | Added as Chief Co-Sponsor Sen. Javier L. Cervantes |
| 2024-01-31 | Senate | Assigned to Executive |
| 2024-01-26 | Senate | Chief Sponsor Changed to Sen. Willie Preston |
| 2024-01-12 | Senate | Referred to Assignments |
| 2024-01-12 | Senate | First Reading |
| 2024-01-12 | Senate | Filed with Secretary by Sen. Ram Villivalam |
