Legislation

Title: State and Private Construction Contracts – Prompt Payment Requirements
Sponsored by: Senators Kramer, Gile, Jackson, Rosapepe, Salling, Watson, and West
Status: In the Senate - Hearing 2/23 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Requiring a private construction contract to include a provision requiring the owner to pay the contractor within a certain period of time 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 a certain period of time; etc.

Committees

Original:: Finance Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB1097

Bill File Type: Regular

Effective Date(s): October 1, 2023

History

Legislation History
Chamber Senate Calendar Date 2/02/2023 Legislative Date 2/02/2023 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State and Private Construction Contracts – Prompt Payment Requirements Proceedings
Chamber Senate Calendar Date 2/03/2023 Legislative Date 2/03/2023 Action Hearing 2/23 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/02/2023	2/02/2023	First Reading Finance
			Text - First - State and Private Construction Contracts – Prompt Payment Requirements
Senate	2/03/2023	2/03/2023	Hearing 2/23 at 1:00 p.m.

File Code

Subjects

Statutes