SB1778

SB1778 amends Illinois laws to enhance payment practices for state contractors and subcontractors.

SB1778 amends the State Comptroller Act to require state agencies to pay contractors within 15 days of receiving payment, with interest penalties for late payments. It also mandates that contractors must pay subcontractors within 10 business days or 15 calendar days, whichever is earlier, with interest penalties for non-compliance. The bill further amends the Court of Claims Act to establish rules for the court's operations and payment of claims. It sets forth procedures for handling claims, including the calculation of interest penalties for late payments.