Bill Title: Amends the Contractor Prompt Payment Act. Provides that under a construction contract, it is unlawful to withhold more than 5% retainage on payments earned by contractors and subcontractors. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 4-1)

Status: (Introduced - Dead) 2011-04-06 - Third Reading - Short Debate - Lost 049-060-001 [HB1292 Detail]

Text: Latest bill text (Engrossed) [HTML]

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