IllinoisSB0074104th General Assembly (2025–2026)Senate

GOVT CONTRACT RETAINAGE

Sponsored By: Willie Preston (Democratic)

In Committee

Summary

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Willie Preston

    Democratic • Senate

Cosponsors

  • Dave Syverson

    Republican • Senate

  • Laura M. Murphy

    Democratic • Senate

  • Seth Lewis

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

    4/11/2025Senate
  2. Rule 3-9(a) / Re-referred to Assignments

    4/11/2025Senate
  3. Senate Committee Amendment No. 2 Referred to Assignments

    4/9/2025Senate
  4. Senate Committee Amendment No. 2 Filed with Secretary by Sen. Willie Preston

    4/9/2025Senate
  5. Senate Committee Amendment No. 1 To Procurement

    4/3/2025Senate
  6. Senate Committee Amendment No. 1 Assignments Refers to Executive

    4/1/2025Senate
  7. Senate Committee Amendment No. 1 Referred to Assignments

    3/31/2025Senate
  8. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Willie Preston

    3/31/2025Senate
  9. Rule 2-10 Committee Deadline Established As April 11, 2025

    3/21/2025Senate
  10. To Procurement

    2/19/2025Senate
  11. Added as Co-Sponsor Sen. Laura M. Murphy

    2/19/2025Senate
  12. Added as Chief Co-Sponsor Sen. Seth Lewis

    2/19/2025Senate
  13. Added as Co-Sponsor Sen. Dave Syverson

    2/13/2025Senate
  14. Assigned to Executive

    1/22/2025Senate
  15. Referred to Assignments

    1/13/2025Senate
  16. First Reading

    1/13/2025Senate
  17. Filed with Secretary by Sen. Willie Preston

    1/13/2025Senate

Bill Text

  • Introduced

  • Senate Amendment 1

  • Senate Amendment 2

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