Illinois Compiled Statutes 50 Local Government: Article -

• Illinois Local Government Prompt Payment Act. - 50 ILCS 505, Section 1
  This Act shall be known and may be cited as the "Local Government Prompt Payment Act". (Source: P.A. 84-731.)
• Illinois Local Government Prompt Payment Act. - 50 ILCS 505, Section 2
  This Act shall apply to every county, township, municipality, municipal corporation, school district, school board, forest preserve district, park district, fire protection district, sanitary...
• Illinois Local Government Prompt Payment Act. - 50 ILCS 505, Section 3
  The appropriate local governmental official or agency receiving goods or services must approve or disapprove a bill from a vendor or contractor for goods or...
• Illinois Local Government Prompt Payment Act. - 50 ILCS 505, Section 4
  Any bill approved for payment pursuant to Section 3 shall be paid within 30 days after the date of approval. If payment is not...
• Illinois Local Government Prompt Payment Act. - 50 ILCS 505, Section 5
  If the local governmental official or agency whose approval is required for any bill fails to approve or disapprove that bill within the period...
• Illinois Local Government Prompt Payment Act. - 50 ILCS 505, Section 6
  The time periods specified in Sections 3, 4 and 5, as they pertain to particular goods or services, are superseded by any greater time...
• Illinois Local Government Prompt Payment Act. - 50 ILCS 505, Section 7
  If the funds from which the local governmental official or agency is to pay for goods or services are funds appropriated or controlled by...
• Illinois Local Government Prompt Payment Act. - 50 ILCS 505, Section 9
  Payments to subcontractors and material suppliers; failure to make timely payments; additional amount due. When a contractor receives any payment, the contractor shall pay each...

Last modified: February 18, 2015