HB 4126

  • Illinois House Bill
  • 94th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prompt Payment-Penalty

Abstract

Amends the Prompt Payment Act. Provides that any bill submitted under Article V of the Illinois Public Aid Code approved for payment must be paid or the payment issued to the payee within 30 days (now, 60 days) of receipt of a proper bill or invoice, and, if payment is not issued to the payee within this 30-day period, an interest penalty of 2.0% (now, 1.0%) of any amount approved and unpaid shall be added for each month or fraction thereof after the end of this 30-day period, until final payment is made.

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Jan 09, 2007

House

Session Sine Die

Oct 19, 2005

House

First Reading

House

Referred to Rules Committee

Oct 17, 2005

House

Filed with the Clerk by Rep. Bill Mitchell

House

Chief Co-Sponsor Rep. Robert W. Pritchard

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