KY HB778 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 26 2024 - 25% progression
Action: 2024-02-26 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 26 2024 - 25% progression
Action: 2024-02-26 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amend KRS 371.160 to provide that the requirement that the retained amount held back by an owner for improvement of real estate in any contract in the amount of $500,000 or more be deposited into a separate escrow account shall be mandatory and shall not waived by contract.
Title
AN ACT relating to real property.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-26 | House | to Committee on Committees (H) |
| 2024-02-26 | House | introduced in House |
Subjects
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | https://apps.legislature.ky.gov/record/24RS/hb778.html |
| Text | https://apps.legislature.ky.gov/recorddocuments/bill/24RS/hb778/orig_bill.pdf |
