In light of the lack of a Fiscal Year 2016 budget, the Vendor Payment Program is only available on a limited basis. Invoices that are authorized for payment may be considered for program participation. For example, invoices for commodities or services covered by a consent decree or court order may be eligible for the program.
Vendors who have prior engagements with one of the Qualified Purchasers may contact them to determine whether any of their invoices are eligible for assignment through the Program despite the lack of a budget. Vendors who have not yet registered to participate in the Program are free to register with a Qualified Purchaser at any time. Qualified Purchasers will notify registered vendors if their invoices become eligible for Program participation.
Due to a delayed payment cycle, the State of Illinois has created the Vendor Payment Program (VPP). It is a voluntary program designed to expedite the time frame of payments to State vendors and service providers. Participation is simple, secure, and vendors receive 100% value of their receivables free of cost.
Vendors must have a receivable that is:
- Eligible to accrue Prompt Payment Penalty interest under the State of Illinois' Prompt Payment Act
- At least 90 days past due
- Free of any liens or encumbrances
Please Note: Medical Assistance receivables are NOT eligible for the Vendor Payment Program.