Synopsis As Introduced Amends the State Prompt Payment Act. Provides that any bill submitted under Article V of the Illinois Public Aid Code approved for payment must be paid or the payment issued to the payee within 30 days (now, 60 days) after receipt of a proper bill or invoice, and, if payment is not issued to the payee within this 30-day period, an interest penalty of 2.0% (now, 1.0%) of any amount approved and unpaid shall be added for each month or fraction thereof after the end of this 30-day period, until final payment is made.
Further amends the State Prompt Payment Act. Makes changes to the engrossed bill to provide that payment of bills submitted under Article V of the Illinois Public Aid Code must be made within 60 days (instead of 30 days) before a 2% interest penalty is added. Includes within the definition of "goods or services", prevention, intervention, or treatment services and supports for persons with developmental disabilities, mental health services, alcohol and substance abuse services, rehabilitation services, and early intervention services provided by a vendor, which includes but is not limited to a licensed community-based provider.
Governor Amendatory Veto Message Proposes to remove language providing that bills submitted under Article V of the Illinois Public Aid Code that are approved for payment must be paid within 60 days and, if payment is not made within 60 days, a monthly interest penalty of 2% shall be added until final payment is made.