Bill Text: IL SB3311 | 2015-2016 | 99th 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 2-0)

Status: (Introduced - Dead) 2016-04-22 - Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments [SB3311 Detail]

Download: Illinois-2015-SB3311-Introduced.html

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99TH GENERAL ASSEMBLY State of Illinois 2015 and 2016 SB3311 Introduced 2/19/2016, by Sen. Daniel Biss 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.
LRB099 18474 MLM 42850 b
A BILL FOR
SB3311 LRB099 18474 MLM 42850 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.)