2006 Regular Session

SENATE BILL 302

File Code: Real Property Prior Year Introduction As: HB 188/05 - ECM
Sponsored By:
Senators Stone and Haines
Entitled:
Real Property - Construction Contracts - Retention Proceeds

Synopsis:

Providing that retention proceeds may not exceed a specified percentage of specified contracts or payments under specified circumstances; providing that retention proceeds may exceed a specified percentage of payments if contractors reasonably determine that the performance of subcontractors provides reasonable grounds for withholding specified amounts; etc.

History by Legislative Date

Senate Action
1/26
First Reading Judicial Proceedings
2/15
Hearing 3/8 at 1:00 p.m.
3/9
Hearing 3/17 at 1:00 p.m.
3/27
Unfavorable Report by Judicial Proceedings
House Action
No Action

Sponsored by:

Senator Norman R. Stone, Jr., District 6
Senator Larry E. Haines, District 5

Bill indexed under the following Subjects:

CONSTRUCTION
CONTRACTORS -see also- HEATING & COOLING; HOME IMPROVEMENT
CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT

Bill affects the following Statutes:

Real Property
( 9-304 , 9-304 )

Documents:

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