House Sponsors: OSTERMAN-BROSNAHAN-BLACK-SCHOENBERG-FLOWERS, MCCARTHY, SMITH,MICHAEL, DAVIS,STEVE, MAUTINO, DAVIS,MONIQUE, FRITCHEY, CURRIE, MILLER AND FEIGENHOLTZ. Senate Sponsors: WALSH,T-MYERS-SILVERSTEIN-RONEN-LINK Short description: PROMPT PAYMENT-60 DAYS Synopsis of Bill as introduced: Amends the State Prompt Payment Act. Makes a technical change concerning interest penalties. STATE MANDATES NOTE, H-AM 1 (Department of Commerce and Community Affairs) In the opinion of DCCA, HB 1728 (H-am 1) does not meet the definition of a State mandate under the State Mandates Act. HOUSE AMENDMENT NO. 1. Adds reference to: 30 ILCS 540/3-2 30 ILCS 540/3-3 30 ILCS 540/4 30 ILCS 540/5 30 ILCS 540/3-4 new Deletes everything after the enacting clause. Provides that State officials or agencies must provide payment for goods and services, out of funds appropriated for that purpose, within 60 days after receipt of a proper bill or invoice (now, after approval), and provides for penalty interest if payment is not issued (now, made or mailed) within that time frame. Defines the term "a proper bill or invoice". Provides that unless otherwise provided by rule of the State Comptroller or the Department of Central Management Services, each agency has 21 days to review each bill or invoice and notify the vendor of any billing defect. Provides that the vendor must correct the defect within 5 business days after receipt of the notice, and extends the time payment is due if correction is not made within the 5-day period. Makes other changes. SENATE AMENDMENT NO. 1. Removes the requirement that a State agency review a bill or invoice within 21 days after receiving it and that the agency notify the vendor of a defect in the bill or invoice within 21 days after receiving it. Removes the schedule for the vendor's submission of a corrected bill or invoice. Provides that a State agency must review each bill or invoice in a timely manner and notify the vendor of a defect as soon as possible after discovering the defect. Makes the bill effective immediately for the purpose of promulgating rules for its implementation and effective July 1, 2002 for all other purposes. Last action on Bill: PUBLIC ACT.............................. 92-0384 Last action date: AUG-16-2001 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 1 END OF INQUIRY Full Text Bill Status