File Code: State Government - Procurement
Crossfiled with: HOUSE BILL 600
- Sponsored By:
-
Senator Haines
- Entitled:
-
Procurement - Construction Contracts - Progress Payments
Requiring a primary procurement unit that makes progress payments on a
construction contract to make payments at least every month; limiting
the percentage of progress payments that may be retained by a primary
procurement unit, if payment or performance security has been
furnished; requiring money retained by a primary procurement unit to
be held in an interest-bearing escrow account; etc.
Senate Action
- 2/4
- First Reading Economic and Environmental Affairs
- 2/16
- Hearing 3/9 at 1:00 p.m.
House Action
- No Action
- Bill indexed under the following Subjects:
- CONSTRUCTION
- CONTRACTORS -see also- HEATING & COOLING; HOME IMPROVEMENT
- ESCROW ACCOUNTS
- INTEREST
- PROCUREMENT
- Bill affects the following Statute:
- State Finance and Procurement
- (
13-225
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
