HB4418 - GOVERNMENT CONTRACT RETAINAGE
Illinois - 103rd General Assembly
Introduced byWilliam Davis, Elizabeth Hernandez
Last updated 9 months ago
2 Co-Sponsors
Reinserts the provisions of the introduced bill with the following changes. Removes provisions relating to interest on retainage and payment of retainage. Adds that all governmental units shall deposit all retainage into an interest-bearing escrow account and the moneys in the escrow account and all interest shall be divided up between the contractor and subcontractors proportionally.
STATUS
Introduced
Verifications Required
You must be a verified voter to do that.
No Thanks, I'll do it later
Verify your identity now