Bill Status of SB 133   103rd General Assembly


Short Description:  PUBLIC CONSTRUCTION BONDS

Senate Sponsors
Sen. Linda Holmes and David Koehler

Last Action  View All Actions

DateChamber Action
  5/11/2023SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
30 ILCS 550/1from Ch. 29, par. 15

Synopsis As Introduced
Amends the Public Construction Bond Act. Provides that a local governmental unit may not withhold retainage of more than 5% from any payment to a contractor who furnishes the bond or bond substitute required by the Act and that the contractor and its subcontractors may not withhold retainage of more than 5% from their subcontractors. Defines "local governmental unit". Effective Immediately.

Actions 
DateChamber Action
  1/24/2023SenateFiled with Secretary by Sen. Linda Holmes
  1/24/2023SenateFirst Reading
  1/24/2023SenateReferred to Assignments
  1/31/2023SenateAssigned to Judiciary
  2/8/2023SenatePostponed - Judiciary
  3/8/2023SenateDo Pass Judiciary; 009-000-000
  3/8/2023SenatePlaced on Calendar Order of 2nd Reading March 9, 2023
  3/29/2023SenateSecond Reading
  3/29/2023SenatePlaced on Calendar Order of 3rd Reading March 30, 2023
  3/31/2023SenateRule 2-10(a) Third Reading Deadline Established As April 28, 2023
  4/26/2023SenateAdded as Co-Sponsor Sen. David Koehler
  4/28/2023SenateRule 2-10 Third Reading Deadline Established As May 11, 2023
  5/11/2023SenateRule 3-9(a) / Re-referred to Assignments

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