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Act

State Prompt Payment Act

  • 30 ILCS 540/0.01— Short title
  • 30 ILCS 540/1— This Act applies to any State official or agency authorized to provide for payment from State funds, by virtue of any appropriation of the General Assembly, for goods or services furnished to the State
  • 30 ILCS 540/2— (Repealed)
  • 30 ILCS 540/2.1— (Repealed)
  • 30 ILCS 540/3— (Repealed)
  • 30 ILCS 540/3-1
  • 30 ILCS 540/3-2
  • 30 ILCS 540/3-2.1— Interest penalty report
  • 30 ILCS 540/3-2.5— Advance payment reimbursement and interest
  • 30 ILCS 540/3-3— The State Comptroller and the Department of Central Management Services shall jointly promulgate rules and policies to govern the uniform application of this Act
  • 30 ILCS 540/3-3.5— Vendor payment contracts
  • 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
  • 30 ILCS 540/3-5— Budget Stabilization Fund; insufficient appropriation
  • 30 ILCS 540/3-6— Federal funds; lack of authority
  • 30 ILCS 540/3-7— Transportation bond funds
  • 30 ILCS 540/4— Nothing in this Act shall be construed to deprive the Comptroller of his power to examine vouchers as specified in the State Comptroller Act
  • 30 ILCS 540/5— The State remittance shall indicate that payment of interest may be available for failure to comply with this Act
  • 30 ILCS 540/6— A State official or agency may not request any vendor or contractor to waive his rights, under this Act, to recover a penalty for late payment as a condition of, or inducement to enter into, any contract for goods or services
  • 30 ILCS 540/7— Payments to subcontractors and material suppliers
  • 30 ILCS 540/8— Vendor Payment Program
  • 30 ILCS 540/9— Vendor Payment Program financial backer disclosure
  • 30 ILCS 540/10— Vendor Payment Program audit
  • 30 ILCS 540/11— Vendor Payment Program accountability portal