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OK HB2639

Bill

Status

Introduced

2/1/2016

Primary Sponsor

Kevin Wallace

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Creates a voluntary Construction Registry administered by the Secretary of State for commercial construction projects, excluding residential projects of four or fewer dwelling units

  • Requires owners or general contractors to register projects within 10 business days of contract signing or construction start; providers must then register to preserve lien and bond rights or forfeit those rights

  • Provider registration preserves lien rights for activity up to 60 days prior to registration through project completion and eliminates the pre-lien notice requirement under existing law

  • Establishes maximum fees of $10 for project registration, $5 for provider registration, $2 for additional entity registrations, and $10 for non-registered party reviews

  • Creates the Oklahoma Construction Registry Revolving Fund in the State Treasury to fund implementation and administration, with an effective date of July 1, 2017

Legislative Description

Liens; creating the Oklahoma Construction Registry Act; effective date.

Last Action

Second Reading referred to Business, Labor and Retirement Laws

2/2/2016

Committee Referrals

Business, Labor, and Retirement Laws2/2/2016

Full Bill Text

No bill text available