The State Comptroller may require vouchers submitted for payment, including submission by electronic or other means approved by the Comptroller, to indicate the appropriate date from which interest penalties may be calculated as required under this Act.
30 ILCS 540/3-4
The State Comptroller must specify the manner in which State agencies shall record interest penalty payments made under this Act
Known as the State Prompt Payment Act
The act spans §§ 30-540-0-01 to 30-540-9 (23 sections).
P.A. 92-384, eff. 7-1-02.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.