HB 2916

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Contract Prompt Pay Retainage

Abstract

Amends the Contractor Prompt Payment Act. Provides that a retainage of 10% of the payment may be withheld from a payment under a construction contract prior to the completion of 50% of the contract. Provides that after 50% of the contract is completed, the amount of retainage for any subsequent payment may not exceed 5%. Effective immediately.

Bill Sponsors (2)

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Actions


Mar 29, 2019

House

Rule 19(a) / Re-referred to Rules Committee

Mar 08, 2019

House

Added Co-Sponsor Rep. Anne Stava-Murray

Feb 26, 2019

House

Assigned to Executive Committee

Feb 14, 2019

House

Filed with the Clerk by Rep. Luis Arroyo

House

First Reading

House

Referred to Rules Committee

Bill Text

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