Illinois General Assembly - Bill Status for HB5790

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Bill Status of HB5790 102nd General Assembly

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Short Description: CONTRACT PROMPT PAYMENT

House Sponsors
Rep. Eva-Dina Delgado and Barbara Hernandez

Last Action

Date	Chamber	Action
1/10/2023	House	Session Sine Die

Statutes Amended In Order of Appearance

815 ILCS 603/20

Synopsis As Introduced
Amends the Contractor Prompt Payment Act. Provides that a public construction contract may provide for the withholding of retainage of up to 5% (rather than 10%) of any payment made prior to the completion of 50% of the contract. Provides that when a contract is 50% complete, retainage withheld shall be reduced so that no more than 1% (rather than 5%) is held. Provides that after the contract is 50% complete, no more than 1% (rather than 5%) of the amount of any subsequent payments made under the contract may be held as retainage.

Actions

Date	Chamber	Action
8/18/2022	House	Filed with the Clerk by Rep. Eva-Dina Delgado
9/14/2022	House	Added Co-Sponsor Rep. Barbara Hernandez
11/16/2022	House	First Reading
11/16/2022	House	Referred to Rules Committee
1/10/2023	House	Session Sine Die

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