HB 1354 Illinois House · 97th Regular Session

PROMPT PAYMENT-PRIME RATE

Summary

Amends the State Prompt Payment Act. Provides that, for any bill not paid by the State within 60 days of receipt, an interest penalty equal to the prime commercial rate of interest (rather than 1.0% for any bill other than a bill submitted under Article V of the Illinois Public Aid Code and 2% for any bill submitted under Article V of the Illinois Public Aid Code) on any amount approved and unpaid shall be added for each month or fraction thereof after the end of the 60-day period. Defines "prime commercial rate". Effective immediately.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2011

Committee Review

Floor Vote

Governor

Introduced Feb 9, 2011 Last action Jan 8, 2013

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 8, 2013

House · Failed

Session Sine Die

Mar 17, 2011

House · Referred to committee

Rule 19(a) / Re-referred to Rules Committee

Mar 16, 2011

House · Reported by committee

Remains in State Government Administration Committee

Mar 16, 2011

House · Amendment adopted

House Committee Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote

Mar 16, 2011

House · Reported by committee

House Committee Amendment No. 1 Rules Refers to State Government Administration Committee

Mar 15, 2011

House · Referred to committee

House Committee Amendment No. 1 Referred to Rules Committee

Mar 15, 2011

House · Amendment offered

House Committee Amendment No. 1 Filed with Clerk by Rep. Karen May

Feb 14, 2011

House · Referred to committee

Assigned to State Government Administration Committee

Feb 9, 2011

House · Referred to committee

Referred to Rules Committee

0 primary · 1 co-sponsor