99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB3311

 

Introduced 2/19/2016, by Sen. Daniel Biss

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 540/3-1  from Ch. 127, par. 132.403-1

    Amends the State Prompt Payment Act. Makes a technical change in a Section concerning interest penalties.


LRB099 18474 MLM 42850 b

 

 

A BILL FOR

 

SB3311LRB099 18474 MLM 42850 b

1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Prompt Payment Act is amended by
5changing Section 3-1 as follows:
 
6    (30 ILCS 540/3-1)  (from Ch. 127, par. 132.403-1)
7    Sec. 3-1. The The Illinois Court of Claims shall, in its
8investigation of payments due claimants, provide for interest
9penalties as prescribed in this Act; however, interest
10penalties in claims pursuant to the Line of Duty Compensation
11Act shall be paid in accordance with subsection (3) of Section
1224 of the Court of Claims Act.
13(Source: P.A. 95-928, eff. 8-26-08.)