State Prompt Payment Act

Sections covered

• 30 ILCS 540/0.01Short title
• 30 ILCS 540/1This 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 540/10Vendor Payment Program audit
• 30 ILCS 540/11Vendor Payment Program accountability portal
• 30 ILCS 540/2(Repealed)
• 30 ILCS 540/2.1(Repealed)
• 30 ILCS 540/3(Repealed)
• 30 ILCS 540/3-1Finance › 30 ILCS 540 — State Prompt Payment Act
• 30 ILCS 540/3-2Finance › 30 ILCS 540 — State Prompt Payment Act
• 30 ILCS 540/3-2.1Interest penalty report
• 30 ILCS 540/3-2.5Advance payment reimbursement and interest
• 30 ILCS 540/3-3The 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 540/3-3.5Vendor payment contracts
• 30 ILCS 540/3-4The State Comptroller must specify the manner in which State agencies shall record interest penalty payments made under this Act
• 30 ILCS 540/3-5Budget Stabilization Fund; insufficient appropriation
• 30 ILCS 540/3-6Federal funds; lack of authority
• 30 ILCS 540/3-7Transportation bond funds
• 30 ILCS 540/4Nothing 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 540/5The State remittance shall indicate that payment of interest may be available for failure to comply with this Act
• 30 ILCS 540/6A 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 540/7Payments to subcontractors and material suppliers
• 30 ILCS 540/8Vendor Payment Program
• 30 ILCS 540/9Vendor Payment Program financial backer disclosure