90th General Assembly
Summary of SB1521
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Senate Sponsors:
BUTLER.

Short description: 
CNTY CD-MUNI CD-SAN DIST-BIDS                                              

Synopsis of Bill as introduced:
        Amends  the  Counties  Code  and  the  Illinois  Municipal  Code.      
   Provides that all proposals or bids for the construction  of  a  local      
   improvement  shall  be  accompanied  by  cash,  a  cashier's  check, a      
   certified check,  a  comptroller's  certificate  of  moneys  owed  the      
   particular  vendor, or a bid bond with adequate surety approved by the      
   purchasing agent as a deposit of good faith, in a  reasonable  amount,      
   but  not  in excess of 10% of the contract amount (now cash or a check      
   payable  to  the  order  of  the  president  of  the  board  of  local      
   improvements in his official  capacity,  certified  by  a  responsible      
   bank,  for an amount which shall not be less than 10% of the aggregate      
   of the proposal). Amends the Sanitary District Act  of  1917  and  the      
   Sanitary  District  Act  of 1936 to provide that all proposals or bids      
   for the construction of local improvements  shall  be  accompanied  by      
   cash,   a   cashier's   check,  a  certified  check,  a  comptroller's      
   certificate of moneys owed the particular vendor, or a bid  bond  with      
   adequate  surety approved by the purchasing agent as a deposit of good      
   faith, in a reasonable amount,  but  not  in  excess  of  10%  of  the      
   contract  amount  (now  accompanied  by  bid bonds satisfactory to the      
   committee of local improvements). Effective immediately.                    
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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