Illinois General Assembly - Bill Status for SB2002

Synopsis As Introduced
Creates the Contractor Prompt Payment Act. Sets out provisions concerning prompt payment of contractors and subcontractors for building and construction contracts. Requires payments for building and constructions contracts to be made within 10 business days of the application for payment. Provides for penalties if civil enforcement is necessary to collect any payments wrongfully withheld. Effective immediately.

Actions

Date	Chamber	Action
2/20/2003	Senate	Filed with Secretary by Sen. Dan Rutherford
2/20/2003	Senate	First Reading
2/20/2003	Senate	Referred to Rules
1/11/2005	Senate	Session Sine Die

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