2003 Regular Session

HOUSE BILL 926

File Code: State Government - Procurement
Sponsored By:
Delegate Arnick
Entitled:
State Procurement Contracts for Construction - Retainage - Public Bodies

Synopsis:

Restricting the percentage specified in specified contracts for retainage under specified circumstances; authorizing a public body to withhold payments to a contractor in addition to retainage for specified contracts under specified circumstances; authorizing a public body to deposit retainage in a specified account; restricting the amount that a contractor may withhold from a subcontractor under specified circumstances; and defining a specified term.

History by Legislative Date

House Action
2/12
First Reading House Rules and Executive Nominations
2/21
Re-referred Health and Government Operations
3/5
Hearing 3/18 at 1:00 p.m.
Senate Action
No Action
Bill indexed under the following Subjects:
CONSTRUCTION
CONTRACTORS -see also- HEATING & COOLING; HOME IMPROVEMENT
CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
ESCROW ACCOUNTS
INTEREST
PROCUREMENT
Bill affects the following Statute:
State Finance and Procurement
( 13-225 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered