NY S00754 | 2009-2010 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on January 15 2009 - 25% progression, died in chamber
Action: 2010-06-30 - SUBSTITUTED BY A2279
Status: Introduced on January 15 2009 - 25% progression, died in chamber
Action: 2010-06-30 - SUBSTITUTED BY A2279
Summary
Provides for a reasonable amount of construction contract sum to be deposited in a separate interest bearing escrow account with a third party escrow agent; provides further that the owner shall be subject to the payment of interest, in addition to the escrow interest, at the rate of one percent per month and the contractor or subcontractor shall be subject to payment of interest on the amount of retainage it holds at the rate of one percent per month.
Title
Provides for a reasonable amount of construction contract sum to be deposited in a separate interest bearing escrow account with a third party escrow agent; provides further that the owner shall be subject to the payment of interest, in addition to the escrow interest, at the rate of one percent per month and the contractor or subcontractor shall be subject to payment of interest on the amount of retainage it holds at the rate of one percent per month.
Sponsors
| Sen. Neil Breslin [D] | Sen. Shirley Huntley [D] | Sen. Eric Schneiderman [D] | Sen. William Stachowski [D] |
| Sen. Toby Stavisky [D] | Sen. Antoine Thompson [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2010-06-30 | SUBSTITUTED BY A2279 | |
| 2010-06-29 | ORDERED TO THIRD READING CAL.1293 | |
| 2010-06-29 | COMMITTEE DISCHARGED AND COMMITTED TO RULES | |
| 2010-01-06 | REFERRED TO CONSUMER PROTECTION | |
| 2009-01-15 | REFERRED TO CONSUMER PROTECTION |
Same As/Similar To
A02279 (Same As) 2010-06-30 - 3RD READING CAL.1293
New York State Sources
| Type | Source |
|---|---|
| Summary | https://assembly.state.ny.us/leg/?default_fld=&bn=S00754&term=2009&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y |
