SMITH,MICHAEL, DAVIS,STEVE, MAUTINO, DAVIS,MONIQUE,
FRITCHEY, CURRIE, MILLER AND FEIGENHOLTZ.
PROMPT PAYMENT-60 DAYS
Synopsis of Bill as introduced:
Amends the State Prompt Payment Act. Makes a technical change
concerning interest penalties.
STATE MANDATES NOTE, H-AM 1
(Department of Commerce and Community Affairs)
In the opinion of DCCA, HB 1728 (H-am 1) does not meet the
definition of a State mandate under the State Mandates Act.
HOUSE AMENDMENT NO. 1.
Adds reference to:
30 ILCS 540/3-2
30 ILCS 540/3-3
30 ILCS 540/4
30 ILCS 540/5
30 ILCS 540/3-4 new
Deletes everything after the enacting clause. Provides that
State officials or agencies must provide payment for goods and
services, out of funds appropriated for that purpose, within 60 days
after receipt of a proper bill or invoice (now, after approval), and
provides for penalty interest if payment is not issued (now, made or
mailed) within that time frame. Defines the term "a proper bill or
invoice". Provides that unless otherwise provided by rule of the
State Comptroller or the Department of Central Management Services,
each agency has 21 days to review each bill or invoice and notify the
vendor of any billing defect. Provides that the vendor must correct
the defect within 5 business days after receipt of the notice, and
extends the time payment is due if correction is not made within the
5-day period. Makes other changes.
SENATE AMENDMENT NO. 1.
Removes the requirement that a State agency review a bill or
invoice within 21 days after receiving it and that the agency notify
the vendor of a defect in the bill or invoice within 21 days after
receiving it. Removes the schedule for the vendor's submission of a
corrected bill or invoice. Provides that a State agency must review
each bill or invoice in a timely manner and notify the vendor of a
defect as soon as possible after discovering the defect. Makes the
bill effective immediately for the purpose of promulgating rules for
its implementation and effective July 1, 2002 for all other purposes.
Last action on Bill: PUBLIC ACT.............................. 92-0384
Last action date: AUG-16-2001
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 1
END OF INQUIRY
Full Text Bill Status