Bill Status of SB2002 93rd General Assembly
Short Description: CONTRACTOR PROMPT PAYMENT ACT
Sen. Dan Rutherford
| 1/11/2005||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Creates the Contractor Prompt Payment Act. Sets out provisions concerning prompt payment of contractors and subcontractors for building and construction contracts. Requires payments for building and constructions contracts to be made within 10 business days of the application for payment. Provides for penalties if civil enforcement is necessary to collect any payments wrongfully withheld. Effective immediately.
|Date||Chamber|| Action|| 2/20/2003||Senate||Filed with Secretary by Sen. Dan Rutherford|| 2/20/2003||Senate||First Reading|| 2/20/2003||Senate||Referred to Rules|| 1/11/2005||Senate||Session Sine Die|