PUBLIC CONSTRUCTION BONDS Senate SponsorsSen. Ram Villivalam, Robert Peters, Laura Fine, Mattie Hunter, Napoleon Harris, III, Kimberly A. Lightford and Cristina Castro 1/7/2025SenateSession Sine Die 30 ILCS 550/1from Ch. 29, par. 15Amends the Public Construction Bond Act. Provides that public construction bonds are required only for those public work construction contracts that are valued over $5,000,000. Authorizes any official, board, commission, agent of the State, or any political subdivision of the State to create a self-insured risk pool for contracts of $5,000,000 or less. Defines "self insured risk pool". 1/31/2023SenateFiled with Secretary by Sen. Ram Villivalam 1/31/2023SenateFirst Reading 1/31/2023SenateReferred to Assignments 1/31/2023SenateAssigned to Executive 2/8/2023SenateAdded as Co-Sponsor Sen. Robert Peters 2/15/2023SenateAdded as Co-Sponsor Sen. Laura Fine 2/22/2023SenateAdded as Co-Sponsor Sen. Mattie Hunter 2/22/2023SenateAdded as Co-Sponsor Sen. Napoleon Harris, III 2/23/2023SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford 3/9/2023SenatePostponed - Executive 3/10/2023SenateRule 2-10 Committee Deadline Established As March 24, 2023 3/23/2023SenateRule 2-10 Committee Deadline Established As March 31, 2023 3/31/2023SenateRule 3-9(a) / Re-referred to Assignments 4/17/2023SenateAdded as Co-Sponsor Sen. Cristina Castro 1/7/2025SenateSession Sine Die