KY HB317 | 2010 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 25 2010 - 25% progression, died in chamber
Action: 2010-02-11 - WITHDRAWN
Status: Introduced on January 25 2010 - 25% progression, died in chamber
Action: 2010-02-11 - WITHDRAWN
Summary
Amend KRS 371.410 to decrease the percentage of retainage held from ten percent to five percent; require retainage to be held in escrow; require a 30-day time period for release after final completion; clarify required documentation; amend KRS 371.415 to create a rebuttable presumption of bad faith for failure to timely pay owed retainage.
Title
AN ACT relating to the retainage in construction contracts.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2010-02-11 | WITHDRAWN | |
| 2010-02-11 | WITHDRAWN | |
| 2010-02-11 | WITHDRAWN | |
| 2010-02-11 | WITHDRAWN | |
| 2010-02-01 | posted in committee | |
| 2010-01-26 | to Labor & Industry (H) | |
| 2010-01-25 | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/10RS/HB317.htm |
