File Code: Real Property
Prior Year Introduction As: HB 342/07 - ECM
Crossfiled with: HOUSE BILL 647
- Sponsored By:
-
Senators Stone, Haines, Colburn, Conway, Miller, and Muse
- Entitled:
-
Real Property - Construction Contracts - Retention Proceeds
Providing that if a contractor has furnished 100% security to
guarantee performance and 100% security to guarantee payment for labor
and materials, the retention proceeds may not exceed 5% of the
contract price; 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.
Legislative date is used to record
history occuring in the Chambers
otherwise Calendar date is used.
Senate Action
- 1/28
- First Reading Judicial Proceedings
- 2/6
- Hearing 2/27 at 1:00 p.m.
- 3/11
- Favorable Report by Judicial Proceedings
- 3/12
- Favorable
- Special Order 3/14 (Senator Astle) Adopted
- 3/14
- Favorable Report Adopted
- Floor Amendment (Senator Kramer)
- Laid Over (Senator DeGrange) Adopted
- 3/17
- Floor Amendment (Senator Kramer) Adopted (29-16)
- Second Reading Passed with Amendments
- 3/19
- Third Reading Passed (28-18)
- 4/2
- Returned Passed
House Action
- 3/16
- First Reading Economic Matters
- 3/25
- Hearing 4/2 at 1:00 p.m.
- 4/3
- Favorable Report by Economic Matters
- 3/28
- Favorable Report Adopted
- Second Reading Passed
- 3/30
- Third Reading Passed (134-3)
Action after passage in Senate and House
- 5/13
- Approved by the Governor
- - Chapter 390
Sponsored by:
- Senator Norman R. Stone, Jr., District 6
- Senator Richard F. Colburn, District 37
- Senator Joan Carter Conway, District 43
- Senator Larry E. Haines, District 5
- Senator Thomas V. Mike Miller, Jr., District 27
- Senator C. Anthony Muse, District 26
Bill indexed under the following Subjects:
- Construction
- Contractors -see also- Heating & Cooling; Home Improvement
- Contracts -see also- Land Installment Contracts; Procurement
- Real Property
Bill affects the following Statutes:
- Real Property
- (
9-304 ,
9-304
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled, Chapter
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments (Displayed in PDF Format):
Senate
- Number: 563028/01 Offered on: March 17, 2008 at:
8:29 p.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
Senate
- March 17, 2008: Floor Amendment (Kramer) {563028/1 Adopted (29-16)
- March 19, 2008: Third Reading Passed (28-18)
House
- March 30, 2008: Third Reading Passed (134-3)
