Bill Text: IL HB1521 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the State Prompt Payment Act. Makes a technical change concerning interest penalties.

Sponsorship: Partisan Bill (Democrat 3)

Status: (Introduced - Dead) 2009-04-03 - Rule 19(a) / Re-referred to Rules Committee [HB1521 Detail]

Download: Illinois-2009-HB1521-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB1521 Introduced 2/18/2009, by Rep. Michael J. Madigan - Barbara Flynn Currie - John E. Bradley SYNOPSIS AS INTRODUCED:
30 ILCS 540/3-1 from Ch. 127, par. 132.403-1
Amends the State Prompt Payment Act. Makes a technical change concerning interest penalties.
LRB096 04933 RCE 14999 b
A BILL FOR
HB1521 LRB096 04933 RCE 14999 b
AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The State Prompt Payment Act is amended by
changing Section 3-1 as follows:
(30 ILCS 540/3-1) (from Ch. 127, par. 132.403-1)
Sec. 3-1. The The Illinois Court of Claims shall, in its
investigation of payments due claimants, provide for interest
penalties as prescribed in this Act; however, interest
penalties in claims pursuant to the Line of Duty Compensation
Act shall be paid in accordance with subsection (3) of Section
24 of the Court of Claims Act.
(Source: P.A. 95-928, eff. 8-26-08.)