PUBLIC CONSTRUCTION BONDS Senate SponsorsSen. Linda Holmes and David Koehler 1/7/2025SenateSession Sine Die 30 ILCS 550/1from Ch. 29, par. 15Amends the Public Construction Bond Act. Provides that a local governmental unit may not withhold retainage of more than 5% from any payment to a contractor who furnishes the bond or bond substitute required by the Act and that the contractor and its subcontractors may not withhold retainage of more than 5% from their subcontractors. Defines "local governmental unit". Effective Immediately. 1/24/2023SenateFiled with Secretary by Sen. Linda Holmes 1/24/2023SenateFirst Reading 1/24/2023SenateReferred to Assignments 1/31/2023SenateAssigned to Judiciary 2/8/2023SenatePostponed - Judiciary 3/8/2023SenateDo Pass Judiciary; 009-000-000 3/8/2023SenatePlaced on Calendar Order of 2nd Reading March 9, 2023 3/29/2023SenateSecond Reading 3/29/2023SenatePlaced on Calendar Order of 3rd Reading March 30, 2023 3/31/2023SenateRule 2-10(a) Third Reading Deadline Established As April 28, 2023 4/26/2023SenateAdded as Co-Sponsor Sen. David Koehler 4/28/2023SenateRule 2-10 Third Reading Deadline Established As May 11, 2023 5/11/2023SenateRule 3-9(a) / Re-referred to Assignments 1/7/2025SenateSession Sine Die