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2007 Regular Session bill information current as of October 3, 2007 - 11:21 p.m.
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SENATE BILL 695

File Code: Real Property

Sponsored By:
Senators Stone and Haines

Entitled:
Real Property - Construction Contracts - Retention Proceeds

Synopsis:

Providing that retention proceeds may not exceed a specified percentage of specified contracts or payments under specified circumstances; 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.

History by Legislative and Calendar Date Explain Legislative Date and Calendar Date

Senate Action
2/2
First Reading Judicial Proceedings
2/7
Hearing 3/13 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Norman R. Stone, Jr., District 6
Senator Larry E. Haines, District 5

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 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered


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