Illinois General Assembly - Bill Status for HB5790
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 Bill Status of HB5790  102nd General Assembly


Short Description:  CONTRACT PROMPT PAYMENT

House Sponsors
Rep. Eva-Dina Delgado and Barbara Hernandez

Last Action
DateChamber Action
  11/16/2022HouseReferred to Rules Committee

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 
DateChamber Action
  8/18/2022HouseFiled with the Clerk by Rep. Eva-Dina Delgado
  9/14/2022HouseAdded Co-Sponsor Rep. Barbara Hernandez
  11/16/2022HouseFirst Reading
  11/16/2022HouseReferred to Rules Committee

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