On June 30, 2016, the State’s “stop-gap” appropriation bill, Senate Bill 2047, became law. While the passage of SB2047 does not provide a complete and balanced State budget, it does provide limited operational funding and appropriation authority to State agencies. SB2047 appropriations may be used to pay for some costs incurred by the State on or prior to June 30, 2016, as well as costs to be incurred in Fiscal Year 2017, which began July 1, 2016.
In light of the continued lack of a complete budget for State operations, the Vendor Payment Program (VPP) remains available only on a limited basis. As always, vouchers that are authorized for payment and that are ninety days or more past the proper bill date may be eligible for program participation. Where no available appropriation or other legal authority currently exists to pay an outstanding invoice, the invoice may be eligible for assignment through another program, the Vendor Support Initiative (VSI). Click here to learn more about how VSI works.
Vendors are encouraged to contact Qualified Purchasers with questions as to whether specific invoices may be eligible for assignment through the VPP or through VSI. Other questions about the VPP and VSI may be directed to John Starr at email@example.com, or 312-814-1227.
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.