HB 3290

Principle Criteria
neutral
Free Enterprise
neutral
Property Rights
neutral
Personal Responsibility
neutral
Limited Government
neutral
Individual Liberty
Digest
HB 3290 extends the time period during which funds must be held in reserve for mechanics' lien claims in construction contracts. The bill requires owners to hold 10% of the contract price for the earlier of 31 days after completion of work or 61 days after a certificate of occupancy is issued or the improvement is first used​.
Author (5)
Keith Bell
Pat Curry
Mark Dorazio
Keresa Richardson
Elizabeth Campos
Related Legislation
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