Illinois General Assembly - Bill Status for HB2916

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Bill Status of HB2916 101st General Assembly

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Short Description: CONTRACT PROMPT PAY RETAINAGE

House Sponsors
Rep. Luis Arroyo and Anne Stava-Murray

Last Action

Date	Chamber	Action
1/13/2021	House	Session Sine Die

Statutes Amended In Order of Appearance

815 ILCS 603/20 new

Synopsis As Introduced
Amends the Contractor Prompt Payment Act. Provides that a retainage of 10% of the payment may be withheld from a payment under a construction contract prior to the completion of 50% of the contract. Provides that after 50% of the contract is completed, the amount of retainage for any subsequent payment may not exceed 5%. Effective immediately.

Actions

Date	Chamber	Action
2/14/2019	House	Filed with the Clerk by Rep. Luis Arroyo
2/14/2019	House	First Reading
2/14/2019	House	Referred to Rules Committee
2/26/2019	House	Assigned to Executive Committee
3/8/2019	House	Added Co-Sponsor Rep. Anne Stava-Murray
3/29/2019	House	Rule 19(a) / Re-referred to Rules Committee
1/13/2021	House	Session Sine Die

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