Illinois General Assembly - Bill Status for HB5224
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 Bill Status of HB5224  97th General Assembly


Short Description:  PROMPT PAY-INTEREST PENALTY

House Sponsors
Rep. Jim Watson

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 405/20from Ch. 15, par. 220
30 ILCS 540/3-2


Synopsis As Introduced
Amends the State Comptroller Act. Provides that State employee addresses shall not be listed on the State employee list maintained by the Comptroller. Amends the State Prompt Payment Act. In a provision requiring an interest penalty of 1.0% for each month or fraction thereof of any amount approved and unpaid within 90 days, changes "fraction thereof" to "00.0033% (1/30%) for each day". Effective immediately.

Actions 
DateChamber Action
  2/8/2012HouseFiled with the Clerk by Rep. Jim Watson
  2/8/2012HouseFirst Reading
  2/8/2012HouseReferred to Rules Committee
  1/8/2013HouseSession Sine Die

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