OR SB722 | 2023 | Regular Session
Status
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]
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]
Summary
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.
Title
Relating to retainage in construction contracts; prescribing an effective date.
Sponsors
Sen. Fred Girod [R] |
History
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. |