Bill Title: Amends the State 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) after 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.

Sponsorship: Partisan Bill (Republican 22-1)

Status: (Passed) 2009-11-03 - Public Act . . . . . . . . . 96-0802 [HB0237 Detail]

Text: Latest bill text (Enrolled) [HTML]

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