Bill Text: IL HB5641 | 2023-2024 | 103rd General Assembly | Introduced

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-02-09 - Referred to Rules Committee [HB5641 Detail]

Download: Illinois-2023-HB5641-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB5641 Introduced 2/9/2024, by Rep. Martin J. Moylan 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 in a Section concerning interest penalties.
LRB103 38474 MXP 68610 b
A BILL FOR
HB5641 LRB103 38474 MXP 68610 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: