§ 30 ILCS 540/0.01 Short title
§ 30 ILCS 540/1 This Act applies to any State official or agency authorized to …
§ 30 ILCS 540/3-1 The Illinois Court of Claims shall, in its investigation of payments …
§ 30 ILCS 540/3-2 Beginning July 1, 1993, in any instance where a State official or …
§ 30 ILCS 540/3-2.1 Interest penalty report
§ 30 ILCS 540/3-2.5 Advance payment reimbursement and interest
§ 30 ILCS 540/3-3 The State Comptroller and the Department of Central Management …
§ 30 ILCS 540/3-3.5 Vendor payment contracts
§ 30 ILCS 540/3-4 The State Comptroller must specify the manner in which State agencies …
§ 30 ILCS 540/3-5 Budget Stabilization Fund; insufficient appropriation
§ 30 ILCS 540/3-6 Federal funds; lack of authority
§ 30 ILCS 540/4 Nothing in this Act shall be construed to deprive the Comptroller of …
§ 30 ILCS 540/5 The State remittance shall indicate that payment of interest may be …
§ 30 ILCS 540/6 A State official or agency may not request any vendor or contractor …
§ 30 ILCS 540/7 Payments to subcontractors and material suppliers
§ 30 ILCS 540/8 Vendor Payment Program
§ 30 ILCS 540/9 Vendor Payment Program financial backer disclosure
§ 30 ILCS 540/10 Vendor Payment Program audit
§ 30 ILCS 540/11 Vendor Payment Program accountability portal
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Terms Used In Illinois Compiled Statutes > 30 ILCS 540 - State Prompt Payment Act

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Statute: A law passed by a legislature.
  • sworn: shall be construed to include the word "affirmed. See Illinois Compiled Statutes 5 ILCS 70/1.12