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CT SB00131

Bill

Official Source

Status

Passed

5/24/2010

Primary Sponsor

Toni Harp

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Origin

Senate

2010 General Assembly

AI Summary

  • Reduces the maximum retainage allowance in construction contracts from 7.5% to 5% of the estimated progress payment amount
  • Retainage caps apply for the entire life of the construction project
  • Effective October 1, 2010
  • Repeals and replaces Section 42-158k of the general statutes

Legislative Description

An Act Concerning Retainage.

Last Action

Signed by the Governor

6/11/2010

Committee Referrals

General Law2/10/2010

Full Bill Text

No bill text available