Bill Title: Amends the State Prompt Payment Act. Codifies the Vendor Payment Program established under the Illinois Administrative Code. Provides that any contract executed under that Program prior to June 30, 2018 shall remain in effect until those contracts have expired, and that existing contracts shall comply with the additional reporting requirements of this amendatory Act. Provides for the authority, applicability, and requirements for participants and entities involved in the Program established under this amendatory Act. Provides disclosure requirements for vendors under the Program. Requires the Auditor General to perform an annual audit of the Program. Requires the Department of Central Management Services to disclose specified information on its Internet website. Defines terms. Makes other changes. Effective immediately.

Spectrum: Strong Partisan Bill (Democrat 13-1)

Status: (Passed) 2018-08-24 - Public Act . . . . . . . . . 100-1089 [SB3560 Detail]

Text: Latest bill text (Chaptered) [HTML]

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