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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. |
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| | A BILL FOR |
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| | HB5641 | | LRB103 38474 MXP 68610 b |
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| 1 | | AN ACT concerning finance.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The State Prompt Payment Act is amended by |
| 5 | | changing Section 3-1 as follows:
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| 6 | | (30 ILCS 540/3-1) (from Ch. 127, par. 132.403-1) |
| 7 | | Sec. 3-1. The The Illinois Court of Claims shall, in its |
| 8 | | investigation of payments due claimants, provide for interest |
| 9 | | penalties as prescribed in this Act; however, interest |
| 10 | | penalties in claims pursuant to the Line of Duty Compensation |
| 11 | | Act shall be paid in accordance with subsection (3) of Section |
| 12 | | 24 of the Court of Claims Act. |
| 13 | | (Source: P.A. 95-928, eff. 8-26-08.) |