TN SB2105 | 2021-2022 | 112th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 31 2022 - 25% progression, died in chamber
Action: 2022-02-16 - Withdrawn.
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on January 31 2022 - 25% progression, died in chamber
Action: 2022-02-16 - Withdrawn.
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, exempts a person from having to retain a certain amount or percentage of the price of a contract for the improvement of real property in a separate interest-bearing, escrow account with a third party if the party withholding the retained funds and the contractor to whom the funds are owed agree on another arrangement. - Amends TCA Section 66-34-104.
Title
AN ACT to amend Tennessee Code Annotated, Section 66-34-104, relative to retention of a portion of contract price in escrow.
Sponsors
| Sen. Ken Yager [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2022-02-16 | Senate | Withdrawn. |
| 2022-02-16 | Senate | Recalled from Senate Commerce & Labor Committee |
| 2022-02-03 | Senate | Passed on Second Consideration, refer to Senate Commerce and Labor Committee |
| 2022-02-02 | Senate | Introduced, Passed on First Consideration |
| 2022-01-31 | Senate | Filed for introduction |
Same As/Similar To
HB2552 (Crossfiled) 2022-02-17 - Withdrawn.
Subjects
Tennessee State Sources
| Type | Source |
|---|---|
| Summary | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB2105&ga=112 |
| Text | https://www.capitol.tn.gov/Bills/112/Bill/SB2105.pdf |
