Comments: IL HB2664 | 2017-2018 | 100th General Assembly

Bill Title: Amends the State Prompt Payment Act. Provides that if a contractor is assessed liquidated damages by the State, the contractor is still responsible to each subcontractor under the subcontracts. For contracts with the Department of Transportation, provides that if a contractor is assessed a liquidated damages penalty equal to or exceeding the total amount of the contract and the contractor is unable to pay its subcontractors, the Department of Transportation shall verify completion of the work performed by the subcontractor and, upon successful verification, pay the subcontractor the amount owed on the subcontract with the contractor.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Enrolled) 2017-06-28 - Sent to the Governor [HB2664 Detail]

Text: Latest bill text (Enrolled) [HTML]

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