HB 2482

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Public Construction Bonds

Abstract

Amends the Public Construction Bond Act. Provides that public construction bonds are required only for those public work construction contracts that are valued over $5,000,000. Authorizes any official, board, commission, agent of the State, or any political subdivision of the State to create a self-insured risk pool for contracts of $5,000,000 or less. Defines "self insured risk pool".

Bill Sponsors (1)

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Actions


Mar 10, 2023

House

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

House

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

Feb 28, 2023

House

Assigned to State Government Administration Committee

Feb 15, 2023

House

Filed with the Clerk by Rep. Kam Buckner

House

First Reading

House

Referred to Rules Committee

Bill Text

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