Bill Title: Amends the Contractor Prompt Payment Act. Provides that a retainage of 10% of the payment may be withheld from a payment under a construction contract prior to the completion of 50% of the contract. Provides that after 50% of the contract is completed, the amount of retainage for any subsequent payment may not exceed 5%. Effective immediately.

Sponsorship: Moderate Partisan Bill (Democrat 11-2)

Status: (Passed) 2019-08-20 - Public Act . . . . . . . . . 101-0432 [SB1636 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2019-08-21	HTML/Text	Link	View
Enrolled	2019-05-23	HTML/Text	Link	View
Engrossed	2019-03-27	HTML/Text	Link	View
Introduced	2019-02-15	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB1636

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1636 currently on file.