SB165
Contracts; retainage bonds permitted in construction contracts, effective clause.
Status:
Passed
Latest Action:
March 10, 2026
Governor's Action Deadline 11:59 p.m., April 13, 2026
Chief Patron:
Jeremy McPike (D)
Session:
2026 Regular Session
Summary
As Passed House of Origin. 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. The provisions of the bill do ... (More) not become effective unless reenacted by the 2027 Session of the General Assembly. (Less)-
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
- 02/23/2026 - House: Assigned HGL sub: Procurement/Open Government
- 02/23/2026 - House: Placed on General Laws Agenda
- 02/24/2026 - House: Subcommittee recommends reporting (10-Y 0-N)
- 02/25/2026 - House: Placed on General Laws Agenda
- 02/26/2026 - House: Reported from General Laws (21-Y 0-N)
- 03/02/2026 - House: Read second time
- 03/03/2026 - House: Read third time
- 03/03/2026 - House: Passed House (97-Y 0-N 0-A)
- 03/09/2026 - Senate: Enrolled
- 03/09/2026 - Senate: Bill text as passed Senate and House (SB165ER)
- 03/09/2026 - House: Signed by Speaker
- 03/09/2026 - Senate: Signed by President
- 03/10/2026 - Senate: Enrolled Bill communicated to Governor on March 10, 2026
- 03/10/2026 - Governor's Action Deadline 11:59 p.m., April 13, 2026
