· IL legislature · 104th

GOVT CONTRACT RETAINAGE

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…

Sponsor

Willie Preston (D-IL)

Introduced

2025-01-13

Policy area

Government Operations and Politics

Latest action

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