HB1322 94TH GENERAL ASSEMBLY

LRB094 08767 RSP 38980 b

94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB1322

Introduced 2/9/2005, by Rep. William B. Black

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 concerning interest penalties.

A BILL FOR

AN ACT concerning finance.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The State Prompt Payment Act is amended by changing Section 3-1 as follows:

(30 ILCS 540/3-1) (from Ch. 127, par. 132.403-1)

Sec. 3-1. The The Illinois Court of Claims shall, in its investigation of payments due claimants, provide for interest penalties as prescribed in this Act.

(Source: P.A. 87-773; 87-1232.)