2008 Regular Session


File Code: Real Property Prior Year Introduction As: HB 342/07 - ECM Crossfiled with: SENATE BILL 313
Sponsored By:
Delegates Minnick, Boteler, Braveboy, Burns, Davis, Feldman, Haddaway, Harrison, Hecht, Impallaria, Jameson, King, Kirk, Krysiak, Love, Manno, Mathias, McHale, Rudolph, Stifler, Taylor, Vaughn, Walkup, and Weir
Real Property - Construction Contracts - Retention Proceeds


Providing that if a contractor has furnished 100% security to guarantee performance and 100% security to guarantee payment for labor and materials, the retention proceeds may not exceed 5% of the contract price; 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

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
House Action
First Reading Economic Matters
Hearing 3/12 at 1:00 p.m.
Hearing cancelled
Hearing 3/12 at 2:00 p.m.
Favorable with Amendments Report by Economic Matters
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
Third Reading Passed (134-4)
Senate Action
First Reading Judicial Proceedings
Unfavorable Report by Judicial Proceedings

Sponsored by:

Delegate Joseph J. Minnick, District 6
Delegate Joseph C. Boteler, III, District 8
Delegate Aisha N. Braveboy, District 25
Delegate Emmett C. Burns, Jr., District 10
Delegate Dereck E. Davis, District 25
Delegate Brian J. Feldman, District 15
Delegate Jeannie Haddaway, District 37B
Delegate Hattie N. Harrison, District 45
Delegate Sue Hecht, District 3A
Delegate Rick Impallaria, District 7
Delegate Sally Jameson, District 28
Delegate James J. King, District 33A
Delegate Ruth M. Kirk, District 44
Delegate Carolyn J. Krysiak, District 46
Delegate Mary Ann E. Love, District 32
Delegate Roger P. Manno, District 19
Delegate James N. Mathias, Jr., District 38B
Delegate Brian K. McHale, District 46
Delegate David D. Rudolph, District 34B
Delegate Donna Stifler, District 35A
Delegate Herman L. Taylor, Jr., District 14
Delegate Michael L. Vaughn, District 24
Delegate Mary Roe Walkup, District 36
Delegate Michael H. Weir, Jr., District 6

Bill indexed under the following Subjects:

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 )


Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
Number: 803396/01     Offered on: March 19, 2008   at: 10:26 a.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
March 17, 2008: Third Reading Passed (134-4)