IL HB2664

Requires State officials to electronically provide voucher numbers, dates, and amounts to known subcontractors and material suppliers when submitting payment vouchers to the Comptroller.

Mandates contractors pay subcontractors and material suppliers within 15 calendar days of receiving payment from the State, proportional to work completed, plus interest received.

Imposes 2% monthly interest penalty on contractors who fail to timely pay subcontractors and material suppliers without reasonable cause, calculated from the expiration of the 15-day period.

Establishes administrative hearing process where subcontractors or suppliers can file written notice with the State agency; administrative law judge determines if contractor withheld payment without reasonable cause and orders payment within 15 days.

Bars contractors from entering State public construction contracts for one year if they fail to pay as ordered; repeat violations within 3 years result in 6-month debarment, and subcontractors may recover reasonable attorney's fees and costs.