SB 157

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • 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 (7)

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Apr 17, 2023

Senate

Added as Co-Sponsor Sen. Cristina Castro

Mar 31, 2023

Senate

Rule 3-9(a) / Re-referred to Assignments

Mar 23, 2023

Senate

Rule 2-10 Committee Deadline Established As March 31, 2023

Mar 10, 2023

Senate

Rule 2-10 Committee Deadline Established As March 24, 2023

Mar 09, 2023

Senate

Postponed - Executive

Feb 23, 2023

Senate

Added as Co-Sponsor Sen. Kimberly A. Lightford

Feb 22, 2023

Senate

Added as Co-Sponsor Sen. Napoleon Harris, III

Senate

Added as Co-Sponsor Sen. Mattie Hunter

Feb 15, 2023

Senate

Added as Co-Sponsor Sen. Laura Fine

Feb 08, 2023

Senate

Added as Co-Sponsor Sen. Robert Peters

Jan 31, 2023

Senate

Filed with Secretary by Sen. Ram Villivalam

Senate

Assigned to Executive

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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Related Documents

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Sources

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