Oregon Senate Bill 722 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Permits contracting agency, owner, contractor or subcontractor to mutually agree to deposit retainage withheld into account other than interest-bearing account in bank, savings bank, trust company or savings association. Permits contracting agency, owner, contractor or subcontractor to mutually agree to deposit retainage withheld into account other than interest-bearing account in bank, savings bank, trust company or savings association. Takes effect on 91st day after adjournment sine die.

Relating to retainage in construction contracts; prescribing an effective date.

Sen. Fred Girod [R]

Date	Chamber	Action
2023-06-25	Senate	In committee upon adjournment.
2023-01-14	Senate	Referred to Finance and Revenue.
2023-01-09	Senate	Introduction and first reading. Referred to President's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2023R1/Measures/Overview/SB722
Text	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB722/Introduced
Supplement	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/66672