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