PUBLIC CONSTRUCTION BONDS House SponsorsRep. Linda Chapa LaVia 1/11/2011HouseSession Sine Die 30 ILCS 550/3 Amends the Public Construction Bond Act concerning a cash bond or other surety from a builder or developer. Allows a county or municipality to require a cash bond or other surety (instead of the county or municipality being required to accept a letter of credit or other instrument issued by a financial institution). Eliminates a procedure whereby an engineer or architect may certify completion of a project and 60 days after notice the county or municipality must pay interest on any unrefunded bond. Eliminates the preemption of home rule powers. Effective immediately. 2/11/2010HouseFiled with the Clerk by Rep. Linda Chapa LaVia 2/11/2010HouseFirst Reading 2/11/2010HouseReferred to Rules Committee 1/11/2011HouseSession Sine Die