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PROMPT PAYMENT-PENALTY

Amends the Prompt Payment Act. Provides that any bill submitted under Article V of the Illinois Public Aid Code approved for payment must be paid or the payment issued to the payee within 30 days (now, 60 days) of receipt of a proper bill or invoice, and, if payment is not issued to the payee within this 30-day period, an interest penalty of 2.0% (now, 1.0%) of any amount approved and unpaid shall be added for each month or fraction thereof after the end of this 30-day period, until final payment is made.

Latest Actions
  • 05/15/2008 - Rule 2-10 Committee Deadline Established As May 22, 2008; Substantive House Bills Out of Committee
  • 05/11/2007 - Rule 3-9(a) / Re-referred to Rules
  • 05/02/2007 - Postponed - State Government and Veterans Affairs
  • 04/25/2007 - Assigned to State Government and Veterans Affairs
  • 03/20/2007 - Third Reading - Short Debate - Passed 117-000-000

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Bill Text
File name Last Updated
HB0549 Bill Text Introduced PDF07/03/2007
HB0549 Bill Text Engrossed PDF07/03/2007