Bill Status of HB5042

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HB5042 - 104th General Assembly

PUBLIC CONSTRUCTION-SURETY
Last Action
2/26/2026 - House: To Tax Policy: Other Taxes Subcommittee
House Sponsors
Rep. William "Will" Davis
Statutes Amended In Order of Appearance
30 ILCS 550/1from Ch. 29, par. 15
Synopsis As Introduced
Amends the Public Construction Bond Act. Provides that the Department of Transportation and the Illinois State Toll Highway Authority shall require every contractor for public works to furnish, supply, and deliver a bond if the public works contract will cost more than $10,000,000 (currently, $500,000). Provides that local governmental units shall require a bond for public works projects costing over $5,000,000 (currently, $150,000) and may require a bond for public works projects valued at $5,000,000 or less (currently, $150,000 or less). Provides that certain bonding requirements apply until January 1, 2034 (currently, January 1, 2029).
Actions
Date Chamber Action
2/04/2026 House Filed with the Clerk by Rep. William "Will" Davis
2/10/2026 House First Reading
2/10/2026 House Referred to Rules Committee
2/24/2026 House Assigned to Revenue & Finance Committee
2/26/2026 House To Tax Policy: Other Taxes Subcommittee