Under existing law, prompt payment is required on construction contracts for improvement to real property. Public works contracts restrict retainage, but payments of retainage to other contractors is not defined or restricted in other contracts.
This bill would amend the prompt payment law related to construction contracts to define retainage and to provide for the retainage requirements in private construction contracts.
Delivered to Governor at 4:50 p.m. on June 2, 2011
Assigned Act No. 2011-647.
Enrolled
Signature Requested
Concurred in Second House Amendment
Marsh motion to Concur In and Adopt adopted Roll Call 975
Concurrence Requested
Motion to Read a Third Time and Pass adopted Roll Call 1080
Motion to Adopt adopted Roll Call 1079
Commerce and Small Business first Substitute Offered
Third Reading Passed
Read for the second time and placed on the calendar with 1 substitute and
Read for the first time and referred to the House of Representatives committee on Commerce and Small Business
Motion to Read a Third Time and Pass adopted Roll Call 738
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Commerce, Transportation, and Utilities
Source: Alabama Legislature