2024 Regular Session • Kentucky Legislature
HB778: AN ACT relating to real property.
Legislative 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.
Demographic Impact
Overall analysis of equity impact
60% Positive
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Bill History
2/26/2024
introduced in House
House of Representatives
2/26/2024
to Committee on Committees (H)
House of Representatives
Status Information
Current Status
Introduced(2/26/2024)
Chamber
House of Representatives
Committee
Committee On Committees(House of Representatives)
Sine Die
Sponsors
Republican: 1
Primary Sponsor
Randy Bridges
Republican