Illinois § 3-2.5 Advance payment reimbursement and interest

Illinois Statutes

§ 3-2.5 — Advance payment reimbursement and interest

Illinois § 3-2.5

TopicGOVERNMENT

Ch. 30FINANCE

Act 30 ILCS 540/State Prompt Payment Act.

This text of Illinois § 3-2.5 (Advance payment reimbursement and interest) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

30 Ill. Comp. Stat. 3-2.5 (2026).

Text

If a vendor provides goods or services to an individual and requires that individual to pay all or part of the cost of the goods or services in advance of the vendor being paid for those goods or services by the State, then the amount of the individual's advance payment, and any interest under this Act attributable to the advance payment, that is paid by the State to the vendor is the property of the individual and, to the extent received by the vendor, must be promptly disbursed by the vendor to that individual.

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If a vendor provides goods or services to an individual and requires that individual to pay all or part of the cost of the goods or services in advance of the vendor being paid for those goods or services by the State, then the amount of the individual's advance payment, and any interest under this Act attributable to the advance payment, that is paid by the State to the vendor is the property of the individual and, to the extent received by the vendor, must be promptly disbursed by the vendor to that individual.