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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB0442
Introduced 2/6/2009, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
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30 ILCS 540/3-1 |
from Ch. 127, par. 132.403-1 |
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Amends the State Prompt Payment Act. Makes a technical change concerning
interest penalties.
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A BILL FOR
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SB0442 |
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LRB096 06460 RCE 16544 b |
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| AN ACT concerning finance.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The State Prompt Payment Act is amended by |
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| changing Section 3-1 as follows:
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| (30 ILCS 540/3-1) (from Ch. 127, par. 132.403-1)
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| Sec. 3-1. The
The Illinois Court of Claims shall, in its |
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| investigation of
payments due claimants, provide for interest |
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| penalties as prescribed in this
Act; however, interest |
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| penalties in claims pursuant to the Line of Duty
Compensation |
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| Act shall be paid in accordance with subsection (3) of Section |
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| 24 of the Court of Claims Act. |
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| (Source: P.A. 95-928, eff. 8-26-08.)
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