Illinois · Senate Bill 181 · 103rd General Assembly

FINANCE-PROMPT PAYMENT

SB 181 Sponsored by Laura M. Murphy Died in committee

  1. Introduced Jan 31, 2023
  2. In committee Jan 31, 2023
  3. Died  
  4. Passed the House  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the State Prompt Payment Act. Provides that, by July 1, 2023, and by July 1 of each year thereafter, the State Comptroller shall determine the prompt payment interest rate for the fiscal year that begins on that date. Provides that any bill approved for payment on or after July 1, 2023 must be paid or the payment issued to the payee within 90 days of receipt of a proper bill or invoice. Provides that if…

Read the full title (136 words)

Amends the State Prompt Payment Act. Provides that, by July 1, 2023, and by July 1 of each year thereafter, the State Comptroller shall determine the prompt payment interest rate for the fiscal year that begins on that date. Provides that any bill approved for payment on or after July 1, 2023 must be paid or the payment issued to the payee within 90 days of receipt of a proper bill or invoice. Provides that if payment is not issued to the payee within this 90-day period, an interest penalty calculated using the prompt payment interest rate shall be added for each month or fraction thereof after the end of this 90-day period until final payment is made. Provides for the prompt payment interest rate under the applicable provisions. Makes conforming and other changes. Effective immediately.

Every action

9 steps, oldest first, as the legislature records them.

  1. SenateFiled with Secretary by Sen. Laura M. Murphy
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to State Government · Senate State Government
  5. CommitteeTo Subcommittee on State Gov. Special Issues · Senate Special Issues
  6. CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
  7. CommitteeRe-assigned to State Government · Senate State Government
  8. CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
  9. SenateSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it.

From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.