2025 Regular Session • Kentucky Legislature
SB76: AN ACT relating to contracts for the improvement of real estate.
Legislative Summary
Amend KRS 371.160 to increase the threshold for the creation of escrow accounts for real estate improvement contracts from $500,000 to $2,000,000; amend KRS 371.405 to prohibit the waiver by contract of any provision of KRS 371.160.
Demographic Impact
Overall analysis of equity impact
Neutral
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Bill History
1/10/2025
introduced in Senate
Senate
1/10/2025
to Committee on Committees (S)
Senate
2/4/2025
to Economic Development, Tourism, & Labor (S)
Senate
2/6/2025
reported favorably, 1st reading, to Calendar
Senate
2/7/2025
2nd reading, to Rules
Senate
2/7/2025
posted for passage in the Regular Orders of the Day for Tuesday, February 11, 2025
Senate
2/11/2025
3rd reading, passed 37-0
Senate
2/12/2025
received in House
House of Representatives
2/12/2025
to Committee on Committees (H)
House of Representatives
3/5/2025
to Economic Development & Workforce Investment (H)
House of Representatives
3/11/2025
reported favorably, 1st reading, to Calendar
House of Representatives
3/12/2025
2nd reading, to Rules
House of Representatives
3/12/2025
posted for passage in the Regular Orders of the Day for Thursday, March 13, 2025
House of Representatives
3/28/2025
3rd reading, passed 100-0
House of Representatives
3/28/2025
received in Senate
Senate
3/28/2025
enrolled, signed by President of the Senate
Senate
3/28/2025
enrolled, signed by Speaker of the House
Senate
3/28/2025
delivered to Governor
Senate
4/2/2025
signed by Governor (Acts Ch. 156)
Senate
Roll Call Votes
House: Third Reading RCS# 348
3/28/2025
100
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate: Third Reading RSN# 3349
2/11/2025
37
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
Status Information
Current Status
Passed(4/2/2025)
Chamber
Senate
Sponsors
Republican: 1
Primary Sponsor
Greg Elkins
Republican