Illinois 104th General Assembly Status: Introduced Bipartisan · 2 D · 2 R cosponsors

SB0074      — GOVT CONTRACT RETAINAGE

Last action — Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced January 13, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 30% · moderate confidence

  • Introduced

    Current position in the legislative process.

  • 4 sponsors

    1 primary, 3 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (2 D · 2 R) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Creates the State Agency Retainage Act. Provides that, if a State agency determines that satisfactory progress has not been achieved by a contractor or subcontractor during any period for which a payment is to be made, a percentage of the payment may be retained by the State agency. Prohibits the amount of retainage under the Act from exceeding 10% of the approved estimated amount under the terms of the contract until the contract is 50% completed. Prohibits retainage of more than 5% of the contract for the duration of the contract. Authorizes retainage to be adjusted as the contract approaches completion to recognize better than expected performance, the ability to rely on alternative safeguards, and other factors. Further provides that on completion of all contract requirements, amounts retained under the Act must be paid promptly. Defines the terms "retainage" and "State agency". Amends the State Prompt Payment Act. Specifies that the State Prompt Payment Act does not apply to retainage withheld under the State Agency Retainage Act.

Bill Text

We don't have the full text on file for this bill yet.

Read SB0074 on the official Illinois source →

Action History

  1. Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

  2. Rule 3-9(a) / Re-referred to Assignments

  3. Senate Committee Amendment No. 2 Referred to Assignments

  4. Senate Committee Amendment No. 2 Filed with Secretary by Sen. Willie Preston

  5. Senate Committee Amendment No. 1 To Procurement

  6. Senate Committee Amendment No. 1 Assignments Refers to Executive

  7. Senate Committee Amendment No. 1 Referred to Assignments

  8. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Willie Preston

  9. Rule 2-10 Committee Deadline Established As April 11, 2025

  10. To Procurement

  11. Added as Co-Sponsor Sen. Laura M. Murphy

  12. Added as Chief Co-Sponsor Sen. Seth Lewis

  13. Added as Co-Sponsor Sen. Dave Syverson

  14. Assigned to Executive

  15. Referred to Assignments

  16. First Reading

  17. Filed with Secretary by Sen. Willie Preston

Sponsors

Sponsorship breakdown

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1 sponsors · 3 co-sponsors · 179 not signed on

Sponsors (1)

Co-sponsors (3)

Not signed on (179)

179 members have not signed on to this bill.

Show all 179 →

"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB0074      do?
Creates the State Agency Retainage Act. Provides that, if a State agency determines that satisfactory progress has not been achieved by a contractor or subcontractor during any period for which a payment is to be made, a percentage of the payment may be retained by the State agency. Prohibits the amount of retainage under the Act from exceeding 10% of the approved estimated amount under the terms of the contract until the contract is 50% completed. Prohibits retainage of more than 5% of the contract for the duration of the contract. Authorizes retainage to be adjusted as the contract approaches completion to recognize better than expected performance, the ability to rely on alternative safeguards, and other factors. Further provides that on completion of all contract requirements, amounts retained under the Act must be paid promptly. Defines the terms "retainage" and "State agency". Amends the State Prompt Payment Act. Specifies that the State Prompt Payment Act does not apply to retainage withheld under the State Agency Retainage Act.
Who sponsors SB0074     ?
SB0074      is sponsored by Willie Preston (Democrat), Seth Lewis (Republican), Dave Syverson (Republican), and Laura M. Murphy (Democrat).
What is the current status of SB0074     ?
This bill has been introduced in the Senate. Introduced January 13, 2025. It must pass committee before a floor vote.
Where can I track SB0074     ?
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Last checked for changes 3 months ago · updated continuously

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