NASBP opposes IL HB 5042 to raise the threshold to $10M for IL DOT and $5M for state/local contracts

NASBP letter opposing IL HB 5042, which would amend Section 1 (30 ILCS 550/1) of the Public Construction Bond Act, Illinois’ Little Miller Act, by raising the bond threshold to $10,000,000 for public works contracts of the Illinois Department of Transportation (ILDOT) and the State Highway Authority and for state/local governments public works contracts to $5,000,000.