Comments: IL SB1266 | 2017-2018 | 100th General Assembly

Bill Title: Amends the State Prompt Payment Act. Provides that a contractor may require either a performance bond or retention of payment of a subcontractor as part of the subcontract. Provides that a contractor may not require both.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-09 - Session Sine Die [SB1266 Detail]

Text: Latest bill text (Introduced) [HTML]

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