CONTRACTR PROMPT PAY-RETAINAGE House SponsorsRep. Lou Lang-Renée Kosel Senate Sponsors(Sen. Michael Noland and Deanna Demuzio) 1/13/2009HouseSession Sine Die 815 ILCS 603/10 Amends the Contractor Prompt Payment Act. Provides that under a construction contract, it is unlawful to withhold more than 5% retainage on payments earned by contractors and subcontractors, and that upon completion of 50% of the work under the contract, retainage may not exceed 2.5%. Effective immediately.House Amendment No. 1 Provides that upon completion of 50% of the work under the contract, retainage must be reduced to an amount not to exceed 2.5% (instead of providing that upon completion of 50% of the work under the contract, retainage may not exceed 2.5%).Fiscal Note, House Amendment No. 1 (Department of Central Management Services) HB 4920 (H-AM 1) will have no fiscal impact on the Department of Central Management Services, as the Department does not have any such contracts. 2/13/2008HouseFiled with the Clerk by Rep. Lou Lang 2/13/2008HouseFirst Reading 2/13/2008HouseReferred to Rules Committee 2/20/2008HouseAssigned to State Government Administration Committee 2/27/2008HouseHouse Amendment No. 1 Filed with Clerk by State Government Administration Committee 2/27/2008HouseHouse Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote 2/27/2008HouseDo Pass as Amended / Short Debate State Government Administration Committee; 013-000-000 2/28/2008HousePlaced on Calendar 2nd Reading - Short Debate 3/4/2008HouseHouse Amendment No. 1 Fiscal Note Filed as Amended 3/13/2008HouseSecond Reading - Short Debate 3/13/2008HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/18/2008HouseFinal Action Deadline Extended-9(b) May 9, 2008 5/8/2008HouseAdded Chief Co-Sponsor Rep. Renée Kosel 5/8/2008HouseThird Reading - Short Debate - Passed 106-003-000 5/8/2008SenateArrive in Senate 5/8/2008SenatePlaced on Calendar Order of First Reading May 13, 2008 5/20/2008SenateChief Senate Sponsor Sen. Michael Noland 5/21/2008SenateFirst Reading 5/21/2008SenateReferred to Rules 5/22/2008SenateAdded as Alternate Co-Sponsor Sen. Deanna Demuzio 1/13/2009HouseSession Sine Die