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HB 778 KY
Introduced

AN ACT relating to real property.

KY · session 2024RS · Assembly / House · bill

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Introduced Feb 26, 2024

Latest action (Feb 26, 2024) to Committee on Committees (H)

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.

Sponsor (1)

Action history (2)
  1. Feb 26, 2024 introduced in House · lower
  2. Feb 26, 2024 to Committee on Committees (H) · lower
Subjects
ContractsHousing, Building, and ConstructionLabor and IndustryReal Estate

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced · PDF

Full text

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Data from OpenStates. View on OpenStates →