SR 541

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

Revise Retention Policy

Abstract

Urges all stakeholders and policymakers to collaborate and consider how to best upgrade public works law in 2024 from retention's across-the-board, capital-draining policy of taking money from all contractors on all projects to a more efficient, nuanced, and tailored approach that protects agencies without forcing cash-strapped contractors to go into debt by providing no interest loans to their government. clients

Bill Sponsors (6)

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Oct 25, 2023

Senate

Added as Chief Co-Sponsor Sen. Willie Preston

Senate

Added as Co-Sponsor Sen. Robert Peters

Senate

Added as Co-Sponsor Sen. Emil Jones, III

Senate

Added as Chief Co-Sponsor Sen. Javier L. Cervantes

Senate

Added as Chief Co-Sponsor Sen. David Koehler

Oct 24, 2023

Senate

Referred to Assignments

Senate

Filed with Secretary

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