{"data":{"id":"us-il/50-ilcs-505-4","jurisdiction":"us-il","citation":"50 ILCS 505/4","heading":"","body":"Any bill approved for payment pursuant to Section 3 shall be paid within 30 days after the date of approval. If payment is not made within such 30 day period, an interest penalty of 1% of any amount approved and unpaid shall be added for each month or fraction thereof after the expiration of such 30 day period, until final payment is made.","path":["CHAPTER 50 LOCAL GOVERNMENT","Local Government Prompt Payment Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=725\u0026ChapterID=11\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:22Z","sha256":"576cdfba51fa5278a108605c3cab157b0434bbac0f31c98f82353cf0968c57ea","source_id":"us-il","stale":false,"prev":"us-il/50-ilcs-505-3","next":"us-il/50-ilcs-505-5"},"notice":"GroundRules: Original legal text. Not legal advice."}