92nd General Assembly
Status of HB2464
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 Full Text  Bill Summary

   New Act                                                                     

        Creates the Building and  Construction  Contract  Act.   Provides      
   that  unless  a building and construction contract provides otherwise,      
   the owner must  make monthly progress  payments.   Provides  that  the      
   owner  may  reserve  a retainage from any progress payment.  Effective      
        HOUSE AMENDMENT NO. 1.                                                 
        Provides that the term "building and construction contract"  does      
   not  include  any contract otherwise included in the definition of the      
   term to the extent that  the  contract  involves  the  expenditure  of      
   public  moneys,  whether  State or local. Provides that a building and      
   construction contract  must  require  the  prime  contractor  and  all      
   subcontractors  to  pay each subcontractor or material supplier within      
   15 business days after the prime contractor or subcontractor  receives      
   payment  from the owner for undisputed amounts for service provided by      
   a subcontractor or materials provided by a supplier.                        
   FEB-23-2001  H  FILED WITH CLERK                                               
   FEB-23-2001  H  FIRST READING                                                  
   FEB-23-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-27-2001  H       ASSIGNED TO COMMITTEE               JUD-CIVIL LAW         
   MAR-08-2001  H  DO PASS/SHORT DEBATE                     012-000-000   HJUA    
   MAR-08-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAR-26-2001  H                             AMENDMENT NO. 01-O'CONNOR           
   MAR-26-2001  H                     AMENDMENT REFERRED TO HRUL                  
   MAR-26-2001  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   MAR-27-2001  H                             AMENDMENT NO. 01-O'CONNOR           
   MAR-27-2001  H  RECOMMENDS BE ADOPTED                    HRUL/004-000-000      
   MAR-27-2001  H  SECOND READING-SHORT DEBATE                                    
   MAR-27-2001  H                             AMENDMENT NO. 01-O'CONNOR           
   MAR-27-2001  H                                   ADOPTED                       
   MAR-27-2001  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   APR-06-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary