HB 723 (2018) -  Construction Bonds

by McClain
Requires notice of nonpayment to be verified; provides notice of nonpayment requirements; provides that claimant or lienor who serves fraudulent notice of nonpayment shall be deprived of rights under bond; requires notice of nonpayment to be in prescribed form; provides that provision relating to attorney's fees applies to certain suits brought by contractors; deems contractors to be insureds or beneficiaries for certain purposes; provides that contractor may record notice identifying bond as conditional payment bond prior to project commencement in order for duty of surety to pay lienors to be coextensive with contractor's duty to pay.
Effective Date: October 1, 2018
Last Event: Died in Careers & Competition Subcommittee on Saturday, March 10, 2018 12:00 AM

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Careers & Competition Subcommittee Time: 03/10/2018 - 12:00 AM Member: Committee: Careers & Competition Subcommittee Version: __
Event: H Indefinitely postponed and withdrawn from consideration Time: 03/10/2018 - 12:00 AM Member: Committee: Version: __
Event: H 1st Reading Time: 01/09/2018 - 11:59 PM Member: Committee: Version: __
Event: H Now in Careers & Competition Subcommittee Time: 11/27/2017 - 2:00 PM Member: Committee: Careers & Competition Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 11/27/2017 - 2:00 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to Civil Justice & Claims Subcommittee Time: 11/27/2017 - 2:00 PM Member: Committee: Civil Justice & Claims Subcommittee Version: __
Event: H Referred to Careers & Competition Subcommittee Time: 11/27/2017 - 2:00 PM Member: Committee: Careers & Competition Subcommittee Version: __
Event: H Filed Time: 11/15/2017 - 5:53 PM Member: McClain Committee: Version: __

Statutes Referenced by this Bill