Bill Texts: IL HB4418 | 2023-2024 | 103rd General Assembly
Bill Title: Reinserts the provisions of the introduced bill with the following changes. Removes provisions relating to interest on retainage and payment of retainage. Adds that all governmental units shall deposit all retainage into an interest-bearing escrow account and the moneys in the escrow account and all interest shall be divided up between the contractor and subcontractors proportionally.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced) 2024-04-19 - Rule 19(a) / Re-referred to Rules Committee [HB4418 Detail]
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced) 2024-04-19 - Rule 19(a) / Re-referred to Rules Committee [HB4418 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|---|---|---|---|
| Introduced | 2024-01-09 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|---|---|---|---|---|
| House Amendment 004 | 2024-04-02 | Proposed | HTML/Text | Link | View |
| House Amendment 003 | 2024-03-21 | Proposed | HTML/Text | Link | View |
| House Amendment 002 | 2024-03-11 | Proposed | HTML/Text | Link | View |
| House Amendment 001 | 2024-02-28 | Proposed | HTML/Text | Link | View |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|---|---|---|---|---|
| No supplemental documents for Illinois HB4418 currently on file. | |||||
