PROMPT PAYMENT-PRIME RATE
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HB 1354 — PROMPT PAYMENT-PRIME RATE
Last action — Session Sine Die
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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Died in session
This bill died with 97th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
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 Text
- Introduced View text Current html
Action History
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Session Sine Die
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Rule 19(a) / Re-referred to Rules Committee
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Remains in State Government Administration Committee
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House Committee Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote
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House Committee Amendment No. 1 Rules Refers to State Government Administration Committee
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House Committee Amendment No. 1 Referred to Rules Committee
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House Committee Amendment No. 1 Filed with Clerk by Rep. Karen May
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Assigned to State Government Administration Committee
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Referred to Rules Committee
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First Reading
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Filed with the Clerk by Rep. Karen May
Sponsors
- Karen May · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 1 co-sponsors · 182 not signed on
Sponsors (0)
None.
Co-sponsors (1)
- Karen May
Not signed on (182)
182 members have not signed on to this bill.
Show all 182 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HB 1354 do?
- 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.
- Who sponsors HB 1354?
- HB 1354 is sponsored by Karen May.
- What is the current status of HB 1354?
- This bill died with 97th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HB 1354?
- Track HB 1354 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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