Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 2483 requires contractors to deposit retainage funds into an escrow account when a construction contract includes a retainage provision. Retainage is the portion of a contract price withheld until project completion. The bill ensures that these funds are held securely and available for subcontractors to claim once their work is completed.
Author (2)
Contact the Author
Rep. Pat Curry
Capitol Phone:
(512) 463-0135
Capitol Office:
EXT E1.512
E-Mail:
