summary
Introduced
02/05/2026
02/05/2026
In Committee
02/05/2026
02/05/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Public Construction Bond Act. Provides that the Department of Transportation and the Illinois State Toll Highway Authority shall require every contractor for public works to furnish, supply, and deliver a bond if the public works contract will cost more than $10,000,000 (currently, $500,000). Provides that local governmental units shall require a bond for public works projects costing over $5,000,000 (currently, $150,000) and may require a bond for public works projects valued at $5,000,000 or less (currently, $150,000 or less). Provides that certain bonding requirements apply until January 1, 2034 (currently, January 1, 2029).
AI Summary
This bill amends the Public Construction Bond Act to increase the monetary thresholds for requiring contractors on public works projects to furnish a bond, which is a financial guarantee to ensure project completion and payment for labor and materials. Specifically, the Department of Transportation and the Illinois State Toll Highway Authority will now require bonds for contracts exceeding $10,000,000, a significant increase from the previous $500,000 threshold. Similarly, local governmental units will require bonds for projects over $5,000,000, up from $150,000, and will retain the option to require bonds for projects valued at $5,000,000 or less. These updated bonding requirements are set to remain in effect until January 1, 2034, extending the current deadline of January 1, 2029.
Sponsors (1)
Last Action
Referred to Assignments (on 02/05/2026)
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