Illinois · Senate Bill 74 · 104th General Assembly

GOVT CONTRACT RETAINAGE

SB 74 Sponsored by Willie Preston In committee

  1. Introduced Jan 13, 2025
  2. In committee Jan 13, 2025
  3. Passed the Senate Next
  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.

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 under the Act from exceeding 10% of the approved estimated amount under the terms of the contract…

Read the full title (167 words)

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 under the Act from exceeding 10% of the approved estimated amount under the terms of the contract until the contract is 50% completed. Prohibits retainage of more than 5% of the contract for the duration of the contract. Authorizes retainage to be adjusted as the contract approaches completion to recognize better than expected performance, the ability to rely on alternative safeguards, and other factors. Further provides that on completion of all contract requirements, amounts retained under the Act must be paid promptly. Defines the terms "retainage" and "State agency". Amends the State Prompt Payment Act. Specifies that the State Prompt Payment Act does not apply to retainage withheld under the State Agency Retainage Act.

Every action

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

Show the 9 earlier steps
  1. SenateFiled with Secretary by Sen. Willie Preston
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to Executive · Senate Executive
  5. SenateAdded as Co-Sponsor Sen. Dave Syverson
  6. SenateAdded as Chief Co-Sponsor Sen. Seth Lewis
  7. SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  8. SenateTo Procurement
  9. SenateRule 2-10 Committee Deadline Established As April 11, 2025
  1. SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Willie Preston
  2. CommitteeSenate Committee Amendment No. 1 Referred to Assignments · Senate Assignments
  3. CommitteeSenate Committee Amendment No. 1 Assignments Refers to Executive · Senate Assignments
  4. CommitteeSenate Committee Amendment No. 1 To Procurement · Senate Procurement
  5. SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Willie Preston
  6. CommitteeSenate Committee Amendment No. 2 Referred to Assignments · Senate Assignments
  7. CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
  8. CommitteeSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments · Senate Assignments

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 3 cosponsors: 2 Republicans, 1 Democrat.

All 3 cosponsors

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.