Bill Title: Amends the Public Construction Bond Act. Provides that a local governmental unit may not withhold retainage of more than 5% from any payment to a contractor who furnishes the bond or bond substitute required by the Act and that the contractor and its subcontractors may not withhold retainage of more than 5% from their subcontractors. Defines "local governmental unit". Effective Immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2023-05-11 - Rule 3-9(a) / Re-referred to Assignments [SB0133 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2023-01-24	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB0133

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB0133 currently on file.

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