HB1033: Retainage requirements.
Legislative Summary
Retainage requirements. Changes the maximum amount of retainage for certain state and local public works projects from: (1) 10% to 6% of the dollar value of all work satisfactorily completed until the public work is 50% complete; and (2) 5% to 3% of the dollar value of all work satisfactorily completed until the public work is substantially complete. Removes the requirement of a minimum amount of retainage for certain state and local public works projects.
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Bill History
Amendments
House Employment, Labor and Pensions Amendment #2
House Employment, Labor and Pensions Amendment #2
Roll Call Votes
Status Information
Sponsors
Primary Sponsor
