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
Apr 2026
Committee Review
Floor Vote
Governor
Introduced Apr 22, 2026
Last action Apr 22, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
1
Apr 22, 2026
Committee
REFERRED TO CONSUMER PROTECTION
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Chris Ryan
DDemocratic
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