CONTRACT PROMPT PAY RETAINAGE House SponsorsRep. Luis Arroyo and Anne Stava-Murray 1/13/2021HouseSession Sine Die 815 ILCS 603/20 new Amends the Contractor Prompt Payment Act. Provides that a retainage of 10% of the payment may be withheld from a payment under a construction contract prior to the completion of 50% of the contract. Provides that after 50% of the contract is completed, the amount of retainage for any subsequent payment may not exceed 5%. Effective immediately. 2/14/2019HouseFiled with the Clerk by Rep. Luis Arroyo 2/14/2019HouseFirst Reading 2/14/2019HouseReferred to Rules Committee 2/26/2019HouseAssigned to Executive Committee 3/8/2019HouseAdded Co-Sponsor Rep. Anne Stava-Murray 3/29/2019HouseRule 19(a) / Re-referred to Rules Committee 1/13/2021HouseSession Sine Die