Sen. Terry Link

Filed: 5/29/2007

 

 


 

 


 
09500HB0743sam004 LRB095 06522 WGH 37273 a

1
AMENDMENT TO HOUSE BILL 743

2     AMENDMENT NO. ______. Amend House Bill 743 on page 1, line
3 7 by changing "Billing" to "Payment application"; and
 
4 on page 1, line 10 by inserting after "retainage" the
5 following:
6 "from the contractor to the owner"; and
 
7 on page 1, line 17 by inserting after "residences" the
8 following:
9 "or multiple family residences with 12 or fewer units in a
10 single building"; and
 
11 on page 2, line 3 by changing "billing" to "payment
12 application"; and
 
13 on page 2, line 5 by changing "billing" to "payment
14 application"; and
 

 

 

09500HB0743sam004 - 2 - LRB095 06522 WGH 37273 a

1 on page 2, line 6 by changing "billing" to "payment
2 application"; and
 
3 on page 2, line 15 by inserting after the period the following:
4 "Instructions or notification from an owner to his or her
5 lender or architect to process or pay a payment application
6 does not constitute approval of the payment application under
7 this Act."; and
 
8 on page 3, lines 5 and 6 by changing "money owed under the
9 construction contract" to "that payment"; and
 
10 on page 3, by inserting after line 12 the following:
11     "(c) The interest imposed by this Act shall not be
12 duplicative of the interest charged under the Mechanics Lien
13 Act.".