Illinois Compiled Statutes 30 Finance: Article -

• Illinois State Prompt Payment Act. - 30 ILCS 540, Section 0.01
  Short title. This Act may be cited as the State Prompt Payment Act. (Source: P.A. 86-1324.)
• Illinois State Prompt Payment Act. - 30 ILCS 540, Section 1
  This Act applies to any State official or agency authorized to provide for payment from State funds, by virtue of any appropriation of the General...
• Illinois State Prompt Payment Act. - 30 ILCS 540, Section 2
  (Repealed). (Source: Repealed by P.A. 87-1232.)
• Illinois State Prompt Payment Act. - 30 ILCS 540, Section 2.1
  (Repealed). (Source: Repealed by P.A. 87-1232.)
• Illinois State Prompt Payment Act. - 30 ILCS 540, Section 3
  (Repealed). (Source: Repealed by P.A. 87-1232.)
• Illinois State Prompt Payment Act. - 30 ILCS 540, Section 3-1
  The Illinois Court of Claims shall, in its investigation of payments due claimants, provide for interest penalties as prescribed in this Act; however, interest penalties...
• Illinois State Prompt Payment Act. - 30 ILCS 540, Section 3-2
  Beginning July 1, 1993, in any instance where a State official or agency is late in payment of a vendor's bill or invoice for goods...
• Illinois State Prompt Payment Act. - 30 ILCS 540, Section 3-2.1
  Interest penalty report. The State Comptroller, in conjunction with the Department of Central Management Services, shall submit a report to the General Assembly no later...
• Illinois State Prompt Payment Act. - 30 ILCS 540, Section 3-2.5
  Advance payment reimbursement and interest. If a vendor provides goods or services to an individual and requires that individual to pay all or part of...
• Illinois State Prompt Payment Act. - 30 ILCS 540, Section 3-3
  The State Comptroller and the Department of Central Management Services shall jointly promulgate rules and policies to govern the uniform application of this Act....
• Illinois State Prompt Payment Act. - 30 ILCS 540, Section 3-4
  The State Comptroller must specify the manner in which State agencies shall record interest penalty payments made under this Act. The State Comptroller may...
• Illinois State Prompt Payment Act. - 30 ILCS 540, Section 4
  Nothing in this Act shall be construed to deprive the Comptroller of his power to examine vouchers as specified in the State Comptroller Act....
• Illinois State Prompt Payment Act. - 30 ILCS 540, Section 5
  The State remittance shall indicate that payment of interest may be available for failure to comply with this Act. (Source: P.A. 92-384, eff. 7-1-02.)
• Illinois State Prompt Payment Act. - 30 ILCS 540, Section 6
  A State official or agency may not request any vendor or contractor to waive his rights, under this Act, to recover a penalty for...
• Illinois State Prompt Payment Act. - 30 ILCS 540, Section 7
  Payments to subcontractors and material suppliers. (a) When a State official or agency responsible for administering a contract submits a voucher to the Comptroller for...

Last modified: February 18, 2015