Bill Title: Amends the Public Construction Bond Act. Provides that public construction bonds are required only for those public work construction contracts that are valued over $5,000,000. Authorizes any official, board, commission, agent of the State, or any political subdivision of the State to create a self-insured risk pool for contracts of $5,000,000 or less. Defines "self insured risk pool".

Sponsorship: Partisan Bill (Democrat 7)

Status: (Failed) 2025-01-07 - Session Sine Die [SB0157 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2023-01-31	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB0157

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB0157 currently on file.