IN HB1033 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-30 - Committee report: amend do pass, adopted
Text: Latest bill text (Comm Sub) [PDF]
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-30 - Committee report: amend do pass, adopted
Text: Latest bill text (Comm Sub) [PDF]
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.
Title
Retainage requirements.
Sponsors
| Rep. Jim Pressel [R] | Rep. Doug Miller [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-30 | House | Committee report: amend do pass, adopted |
| 2025-01-08 | House | First reading: referred to Committee on Employment, Labor and Pensions |
| 2025-01-08 | House | Authored by Representative Pressel |
| 2025-01-08 | House | Coauthored by Representative Miller D |
