Comments: IL SR0541 | 2023-2024 | 103rd General Assembly

Bill Title: Urges all stakeholders and policymakers to collaborate and consider how to best upgrade public works law in 2024 from retention's across-the-board, capital-draining policy of taking money from all contractors on all projects to a more efficient, nuanced, and tailored approach that protects agencies without forcing cash-strapped contractors to go into debt by providing no interest loans to their government. clients

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Introduced) 2023-10-25 - Added as Co-Sponsor Sen. Emil Jones, III [SR0541 Detail]

Text: Latest bill text (Introduced) [HTML]

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