§ 815 ILCS 603/1 Short title
§ 815 ILCS 603/5 Definitions
§ 815 ILCS 603/10 Construction contracts
§ 815 ILCS 603/15 Interest; suspension of performance
§ 815 ILCS 603/20 Retainage
§ 815 ILCS 603/99 Effective date
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Terms Used In Illinois Compiled Statutes > 815 ILCS 603 - Contractor Prompt Payment Act

  • Contract: A legal written agreement that becomes binding when signed.
  • County board: means the board of county commissioners in counties not under township organization, and the board of supervisors in counties under township organization, and the board of commissioners of Cook County. See Illinois Compiled Statutes 5 ILCS 70/1.07
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14