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HB 1033 IN
Became Law

Retainage requirements.

IN · session 2025 · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 8, 2025

Latest action (Apr 3, 2025) Signed by the Governor

Summary

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.

Sponsors (4)

1 coauthor / cosponsor

Action history (20)

  1. Jan 8, 2025 Coauthored by Representative Miller D · lower
  2. Jan 8, 2025 Authored by Representative Pressel · lower
  3. Jan 8, 2025 First reading: referred to Committee on Employment, Labor and Pensions · lower
  4. Jan 30, 2025 Committee report: amend do pass, adopted · lower
  5. Feb 3, 2025 Second reading: ordered engrossed · lower
  6. Feb 7, 2025 Referred to the Senate · lower
  7. Feb 6, 2025 Senate sponsor: Senator Rogers · lower
  8. Feb 6, 2025 Third reading: passed; Roll Call 96: yeas 84, nays 1 · lower
  9. Feb 18, 2025 First reading: referred to Committee on Pensions and Labor · upper
  10. Mar 13, 2025 Committee report: do pass, adopted · upper
  11. Mar 17, 2025 Second reading: ordered engrossed · upper
  12. Mar 19, 2025 Returned to the House without amendments · upper
  13. Mar 18, 2025 Third reading: passed; Roll Call 241: yeas 48, nays 0 · upper
  14. Mar 18, 2025 Senator Niezgodski added as third sponsor · upper
  15. Mar 18, 2025 Senator Doriot added as second sponsor · upper
  16. Mar 20, 2025 Signed by the Speaker · lower
  17. Mar 24, 2025 Signed by the President Pro Tempore · upper
  18. Mar 27, 2025 Signed by the President of the Senate · upper
  19. Apr 3, 2025 Public Law 28 · lower
  20. Apr 3, 2025 Signed by the Governor · executive
Subjects
CIVIL LAW AND PROCEDURE; Contracts and Legal DocumentsCONSTRUCTIONLOCAL GOVERNMENT; Contracts, Procurements, and PurchasesSTATE GOVERNMENT; Contracts, Procurements, and PurchasesSTATE GOVERNMENT; Public Works and Improvements

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