PUBLIC CONSTRUCTION BONDS
Summary
Amends the Public Construction Bond Act. Provides that a local governmental unit may not withhold retainage of more than 5% from any payment to a contractor who furnishes the bond or bond substitute required by the Act and that the contractor and its subcontractors may not withhold retainage of more than 5% from their subcontractors. Defines "local governmental unit". Effective Immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
Governor
Introduced Jan 24, 2023
Last action May 11, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
13
Key actions
1
Committee
4
May 11, 2023
Committee
Rule 3-9(a) / Re-referred to Assignments
lower
Mar 8, 2023
Lower · Passed
Do Pass Judiciary; 009-000-000
lower
Jan 31, 2023
Committee
Assigned to Judiciary
lower
Jan 24, 2023
Committee
Referred to Assignments
lower
1 primary · 1 co-sponsor
Sponsors
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