HB 5224 Illinois House · 97th Regular Session

PROMPT PAY-INTEREST PENALTY

Summary
Amends the State Comptroller Act. Provides that State employee addresses shall not be listed on the State employee list maintained by the Comptroller. Amends the State Prompt Payment Act. In a provision requiring an interest penalty of 1.0% for each month or fraction thereof of any amount approved and unpaid within 90 days, changes "fraction thereof" to "00.0033% (1/30%) for each day". Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2012
Committee Review
Floor Vote
Governor
Introduced Feb 8, 2012 Last action Jan 8, 2013
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Full legislative history

Actions timeline

Total actions
4
Key actions
0
Committee
1
Jan 8, 2013
House · Failed
Session Sine Die
Feb 8, 2012
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
Co
Photo of Jim Watson
Jim Watson
RRepublican
IL
97