HB 1033 IN Became Law
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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)
- Jim Pressel Republican · author
- Linda Rogers Republican · sponsor
- Blake Doriot Republican · sponsor
- David Niezgodski Democratic · sponsor
1 coauthor / cosponsor
- Doug Miller Republican · coauthor
Action history (20)
- Jan 8, 2025 Coauthored by Representative Miller D · lower
- Jan 8, 2025 Authored by Representative Pressel · lower
- Jan 8, 2025 First reading: referred to Committee on Employment, Labor and Pensions · lower
- Jan 30, 2025 Committee report: amend do pass, adopted · lower
- Feb 3, 2025 Second reading: ordered engrossed · lower
- Feb 7, 2025 Referred to the Senate · lower
- Feb 6, 2025 Senate sponsor: Senator Rogers · lower
- Feb 6, 2025 Third reading: passed; Roll Call 96: yeas 84, nays 1 · lower
- Feb 18, 2025 First reading: referred to Committee on Pensions and Labor · upper
- Mar 13, 2025 Committee report: do pass, adopted · upper
- Mar 17, 2025 Second reading: ordered engrossed · upper
- Mar 19, 2025 Returned to the House without amendments · upper
- Mar 18, 2025 Third reading: passed; Roll Call 241: yeas 48, nays 0 · upper
- Mar 18, 2025 Senator Niezgodski added as third sponsor · upper
- Mar 18, 2025 Senator Doriot added as second sponsor · upper
- Mar 20, 2025 Signed by the Speaker · lower
- Mar 24, 2025 Signed by the President Pro Tempore · upper
- Mar 27, 2025 Signed by the President of the Senate · upper
- Apr 3, 2025 Public Law 28 · lower
- 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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