AN ACT relating to real property.
Summary
Amend KRS 371.160 to provide that the requirement that the retained amount held back by an owner for improvement of real estate in any contract in the amount of $500,000 or more be deposited into a separate escrow account shall be mandatory and shall not waived by contract.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2024
Last action Feb 26, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 26, 2024
Committee
to Committee on Committees (H)
lower
Feb 26, 2024
Introduced
introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Randy Bridges
RRepublican
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