State Representative Mark Batinick
For Immediate Release Contact: Debbie Kraulidis
October 26, 2017 (815) 254-0000
Batinick statement on Prompt Payment Act bill override
SPRINGFIELD – State Representative Mark Batinick (R-Plainfield) made the following statement after voting to override the Governor’s veto of House Bill 3143, legislation to add teen treatment providers to the Prompt Payment Act.
“Several social services were not eligible for the Prompt Payment Act. That created the perverse incentive to put those bills to the back of the line. In times of crisis, groups eligible for the Prompt Payment Act are able to sell their invoices to third party investment groups. This allows them to get the vast amount of the invoice paid immediately. It allows social services such as teen treatment providers to continue to operate in times of crisis. Currently, social services like these are not eligible for the prompt payment interest. Therefore, they can’t sell their invoices and get any of their money. This forced many groups to have to close their doors or significantly lower their ability to operate. The long-term cost of not passing this bill out-weighed the financial gain of not having to pay a fee on late payments.”
The vote on the override was 73-41. The bill now goes to the Senate which will consider whether to override the veto.