SB165
Contracts; retainage bonds permitted in construction contracts, effective clause.
Status:
In House
Latest Action:
Feb. 6, 2026
House: Referred to Committee on General Laws
Chief Patron:
Jeremy McPike (D)
Session:
2026 Regular Session
Summary
As Introduced. Contracts; retainage bonds permitted in construction contracts.
Allows, in any construction contract between an owner and a general contractor or between a general contractor and a subcontractor, such contractor or subcontractor to tender a retainage bond, defined in the bill, as a substitute for retainage withheld as security in such contracts.-
Bill History
- 01/07/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26101912D
- 01/07/2026 - Senate: Referred to Committee on General Laws and Technology
- 01/07/2026 - Senate: Introduced bill reprinted 26101912D
- 01/28/2026 - Senate: Reported from General Laws and Technology with amendment (15-Y 0-N)
- 01/30/2026 - Senate: Rules suspended
- 01/30/2026 - Senate: Constitutional reading dispensed Block Vote (on 1st reading) (38-Y 0-N 0-A)
- 01/30/2026 - Senate: Passed by for the day Block Vote (Voice Vote)
- 02/02/2026 - Senate: Read second time
- 02/02/2026 - Senate: General Laws and Technology Amendment agreed to
- 02/02/2026 - Senate: Engrossed by Senate as amended Block Vote (Voice Vote)
- 02/03/2026 - Senate: Read third time and passed Senate (39-Y 0-N 0-A)
- 02/06/2026 - House: Placed on Calendar
- 02/06/2026 - House: Read first time
- 02/06/2026 - House: Referred to Committee on General Laws
