Increases the interest rate for late payments due on construction contracts; repealer
Summary
Increases the interest rate for late payments due on construction contracts from one to two percent; includes a change order as part of the definition of construction contract; defines change order; repeals exceptions for lower Manhattan construction contracts.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2026
Committee Review
Floor Vote
Governor
Introduced May 1, 2026
Last action May 1, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
1
May 1, 2026
Committee
REFERRED TO GOVERNMENTAL OPERATIONS
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Pamela Hunter
DDemocratic
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