Karen May
- Democratic
Primary
Amends the State Prompt Payment Act. Provides that, for any bill not paid by the State within 60 days of receipt, an interest penalty equal to the prime commercial rate of interest (rather than 1.0% for any bill other than a bill submitted under Article V of the Illinois Public Aid Code and 2% for any bill submitted under Article V of the Illinois Public Aid Code) on any amount approved and unpaid shall be added for each month or fraction thereof after the end of the 60-day period. Defines "prime commercial rate". Effective immediately.
No votes to display
Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
House Committee Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote
House Committee Amendment No. 1 Rules Refers to State Government Administration Committee
Remains in State Government Administration Committee
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Karen May
Assigned to State Government Administration Committee
Filed with the Clerk by Rep. Karen May
Referred to Rules Committee
First Reading
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Document | Format |
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| House Amendment 001 |
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