SB171 Alabama 2011 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2011
Title
Public contracts, waiver of payment within 30 days prohibited, interest added on any dollar amount approved and unpaid, certification and proof of certification of availability of funds, attorney fees and court costs, Sec. 41-16-3 am'd.
Description
<p class="bill_description"> This bill would prohibit the waiver of
payment within 30 days after the completion of a
public contract and would provide for interest of
one percent to be added on any dollar amount
approved and unpaid for each month or fraction
thereof until final payment is made</p><p class="bill_description">
This bill would require certification and
proof of certification of the availability of funds
to remit payment once the party to the contract has
fully executed the responsibility under the
contract</p><p class="bill_description">
This bill would provide that in any civil
action, the owner, the contractor, or
sub-contractor in whose favor a judgment is
rendered would be entitled to recover attorneys'
fees and court costs</p><p class="bill_entitled_an_act"> To amend Section 41-16-3 of the Code of Alabama
1975, relating to timely execution of state contracts; to
prohibit waiver of payment within 30 days; to provide for
interest of one percent to be added on any dollar amount
approved and unpaid; to require certification and proof of
certification of the availability of funds; and to provide for
the payment of attorneys' fees and court costs.
</p>
Subjects
Contracts
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| June 1, 2011 | Indefinitely Postponed | |
| March 22, 2011 | Read for the second time and placed on the calendar | |
| March 8, 2011 | Read for the first time and referred to the Senate committee on Fiscal Responsibility and Accountability |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB171 Alabama 2011 Session - Introduced |