Legislation - SB0715

Title: State and Private Construction Contracts and State Procurement Contracts – Prompt Payment and Interest Requirements
Sponsored by: Senators Kramer, Gile, Jackson, Rosapepe, Salling, and West
Status: In the Senate - Withdrawn by Sponsor
Analysis

Synopsis

Requiring a private construction contract to include a provision requiring the owner to pay the contractor within 45 days after the receipt of a proper invoice following completion of the work or, if the owner withholds all or part of an amount invoiced, to send a certain notification to the contractor; requiring a contract between a contractor and a subcontractor on a private or State construction contract to include a provision requiring the contractor to pay the subcontractor within 7 days after receipt of payment; etc.

Committees

Original:: Finance

Details

Cross-filed with: HB1365

Bill File Type: Regular

Effective Date(s): October 1, 2024

History

Legislation History
Chamber Senate Calendar Date 1/31/2024 Legislative Date 1/31/2024 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State and Private Construction Contracts and State Procurement Contracts – Prompt Payment and Interest Requirements Proceedings
Chamber Senate Calendar Date 2/06/2024 Legislative Date 2/06/2024 Action Hearing 3/01 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 2/27/2024 Legislative Date 2/27/2024 Action Hearing canceled Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/04/2024 Legislative Date 3/04/2024 Action Withdrawn by Sponsor Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/31/2024	1/31/2024	First Reading Finance
			Text - First - State and Private Construction Contracts and State Procurement Contracts – Prompt Payment and Interest Requirements
Senate	2/06/2024	2/06/2024	Hearing 3/01 at 1:00 p.m.
Senate	2/27/2024	2/27/2024	Hearing canceled
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/04/2024	3/04/2024	Withdrawn by Sponsor

File Code

Subjects

Statutes