Ill. Senate Democrats: New Law Makes Illinois the National Leader in Reducing Contractor Redlining
January 10, 2024
January 10, 2024
CHICAGO, Illinois, Jan. 10 -- The Illinois Senate Democrats issued the following news:
Illinois formally implemented the nation's biggest reform to contractor redlining in public works law. The General Assembly passed, and Governor JB Pritzker certified on Dec. 8, House Bill 2878. Part of the new law is a larger exception from the requirement that contractors purchase wealth-based surety bonds on public contracts. The law tripled the exception for local governments (from $50K t . . .
Illinois formally implemented the nation's biggest reform to contractor redlining in public works law. The General Assembly passed, and Governor JB Pritzker certified on Dec. 8, House Bill 2878. Part of the new law is a larger exception from the requirement that contractors purchase wealth-based surety bonds on public contracts. The law tripled the exception for local governments (from $50K t . . .