Illinois Code § 50 ILCS 505/5

If the local governmental official or agency whose approval
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is required for any bill fails to approve or disapprove that bill within
the period provided for approval by Section 3, the penalty for late payment
of that bill shall be computed from the date 60 days after the receipt of
that bill or the date 60 days after the goods or services are received,
whichever is later.

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