093_HB3331
LRB093 10274 SJM 10528 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 adding Section 8 as follows:
6 (30 ILCS 540/8 new)
7 Sec. 8. Priority of payment. A voucher for payment for
8 goods or services furnished to the State by a small business,
9 a not-for-profit entity, or a health care provider and
10 submitted by an official or agency to the Comptroller for
11 payment must be given priority in payment. Any voucher
12 meeting these criteria that is submitted to the Comptroller
13 by an official or agency for payment from a given fund must
14 be paid before any other bill or invoice is paid from that
15 fund. If 2 or more vouchers eligible for priority payment are
16 received by the Comptroller in the same day for payment out
17 of the same fund and there is not enough money in the fund to
18 pay them all, then each bill or invoice shall be paid in the
19 order in which it is received.
20 The Comptroller shall, by rule, determine those entities
21 that meet the definition of "small business", "not-for-profit
22 entity", or "health care provider".