94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB1199


 
Introduced 2/9/2005, by Rep. Monique D. Davis
 
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 concerning
interest penalties.
















LRB094 10253 RCE 40520 b

















 


 


A BILL FOR









 











HB1199

LRB094 10253 RCE 40520 b






1
    AN ACT concerning finance.

 
2
    Be it enacted by the People of the State of Illinois, 
3
represented in the General Assembly: 


 
4
    Section 5. The State Prompt Payment Act is amended by 
5
changing Section 3-1 as follows:
 



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.
10
(Source: P.A. 87-773; 87-1232.)