DILLARD. New Act 770 ILCS 60/1.1 from Ch. 82, par. 1.1 Creates the Subcontractor's Bill of Rights Act. Provides that a provision in a building and construction contract making the contract subject to the laws of another state or requiring litigation, arbitration, or dispute resolution to take place in another state is void and unenforceable. Provides for the prompt payment of subcontractors and suppliers. Provides that the owner shall make monthly progress payments under the contractor. Provides that the owner may reserve a retainage from any progress payment. Amends the Mechanics Lien Act. Provides that the prohibition against waivers of lien rights does not affect the rights of a third party who detrimentally relied on the waiver. Provides that a waiver shall not waive lien rights beyond the dollar amount stated in the waiver. 00-02-01 S FIRST READING 00-02-01 S REFERRED TO SENATE RULES COMMITTEE RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary