Illinois General Assembly - Bill Status for HB1224
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 Bill Status of HB1224  104th General Assembly


Short Description:  GOVT CONTRACT RETAINAGE

House Sponsors
Rep. William "Will" Davis, Dagmara Avelar, Diane Blair-Sherlock and Harry Benton

Hearings
State Government Administration Committee Hearing Feb 19 2025 2:30PM Stratton Building Room C-1 Springfield, IL


Last Action
DateChamber Action
  2/11/2025HouseAssigned to State Government Administration Committee

Statutes Amended In Order of Appearance
New Act
30 ILCS 540/1from Ch. 127, par. 132.401


Synopsis As Introduced
Creates the State Agency Retainage Act. Provides that, if a State agency determines that satisfactory progress has not been achieved by a contractor or subcontractor during any period for which a payment is to be made, a percentage of the payment may be retained by the State agency. Prohibits the amount of retainage under the Act from exceeding 10% of the amount of any and all draw amounts submitted and approved under the terms of the contract until the contract is 50% completed. Prohibits retainage of more than 5% of the contract of the amount of any and all draw amounts submitted and approved under the terms of the contract for the duration of the contract. Authorizes retainage to be adjusted as the contract approaches completion to recognize better than expected performance, the ability to rely on alternative safeguards, and other factors. Further provides that on completion of all contract requirements, amounts retained under the Act must be paid promptly. Defines the terms "retainage" and "State agency". Amends the State Prompt Payment Act. Specifies that the State Prompt Payment Act does not apply to retainage withheld under the State Agency Retainage Act.

Actions 
DateChamber Action
  1/9/2025HouseFiled with the Clerk by Rep. William "Will" Davis
  1/9/2025HouseFirst Reading
  1/9/2025HouseReferred to Rules Committee
  1/28/2025HouseAdded Co-Sponsor Rep. Dagmara Avelar
  1/29/2025HouseAdded Co-Sponsor Rep. Diane Blair-Sherlock
  2/6/2025HouseAdded Co-Sponsor Rep. Harry Benton
  2/11/2025HouseAssigned to State Government Administration Committee

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