Date	Chamber	Action
4/16/2008	House	Tabled

Statutes Amended In Order of Appearance

50 ILCS 505/3

from Ch. 85, par. 5603

Synopsis As Introduced
Amends the Local Government Prompt Payment Act. Provides that it is unlawful to withhold more than 5% retainage from payments earned by contractors and subcontractors for goods and services. Prohibits retainage if a payment bond has been furnished. Effective immediately.

House Amendment No. 1
Provides that, for goods or services under a construction contract (instead of all goods or services furnished under the Local Government Prompt Payment Act), it is unlawful to withhold more than 5% retainage from payments earned by contractors and subcontractors. Provides that retainage must be reduced to an amount not to exceed 2.5% upon completion of 50% of the work under the contract.

Actions 

Date	Chamber	Action
2/6/2008	House	Filed with the Clerk by Rep. Timothy L. Schmitz
2/6/2008	House	First Reading
2/6/2008	House	Referred to Rules Committee
2/22/2008	House	Assigned to Local Government Committee
3/5/2008	House	House Amendment No. 1 Filed with Clerk by Local Government Committee
3/5/2008	House	House Amendment No. 1 Adopted in Local Government Committee; by Voice Vote
3/5/2008	House	Remains in Local Government Committee
3/14/2008	House	Rule 19(a) / Re-referred to Rules Committee
4/15/2008	House	Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b) Rep. Timothy L. Schmitz
4/16/2008	House	Motion Prevailed
4/16/2008	House	Tabled

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