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Latest Update: Tuesday, November, 04th 2008
Companion Bill SB1275. Contracts - Requires the escrow account used when a percentage of a real property improvement contract price is held back by the owner or contractor to be interest-bearing; places limits on the withholding of retainage for construction contracts. - Amends TCA Section 4-15-102; Section 66-11-144 and Title 66, Chapter 34. Fiscal Summary for *HB1003 / SB1275Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Bill Summary for *HB1003 / SB1275 ON APRIL 30, 2007, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 1003, AS AMENDED. AMENDMENT #1 rewrites this bill. Under present law, whenever, in any contract for the improvement of real property, a certain amount or percentage of the contract price is held back by the owner or contractor, that retained amount must be deposited [...] show full description
- 06/01/2007 - Public Chapter 201
- 06/01/2007 - Effective date(s) 07/01/07
- 05/22/2007 - Signed by Governor.
- 05/10/2007 - Transmitted to Governor for his action.
- 05/09/2007 - Signed by Senate Speaker
show all actions- 06/01/2007 - Public Chapter 201
- 06/01/2007 - Effective date(s) 07/01/07
- 05/22/2007 - Signed by Governor.
- 05/10/2007 - Transmitted to Governor for his action.
- 05/09/2007 - Signed by Senate Speaker
- 05/09/2007 - Signed by House Speaker
- 05/08/2007 - Enrolled; ready for sig. of House Speaker.
- 05/07/2007 - H. concurred in Senate am. no. 2 Ayes 98, Nays 0
- 05/07/2007 - Passed Senate as am., Ayes 29, Nays 0
- 05/07/2007 - Senate adopted am. #2
- 05/07/2007 - Senate Substituted House Bill for Companion Senate Bill
- 05/03/2007 - Received from House, Passed first consideration
- 04/30/2007 - Engrossed; ready for transmission to Sen.
- 04/30/2007 - Passed House, as am., Ayes 96, Nays 0
- 04/30/2007 - H. adopted am.(Amendment 1 of 0 - HA0355)
- 04/26/2007 - H. Placed on Regular Calendar for 4/30/07
- 04/24/2007 - Placed on Calendar Calendar & Rules Committee for 04/26/2007
- 04/24/2007 - Recommended for Passage if Am. Referred to: Calendar & Rules Committee
- 04/18/2007 - Placed on Calendar Commerce Committee for 04/24/2007
- 04/18/2007 - Recommended for Passage if am. by Subcommittee Referred to Commerce Committee
- 04/11/2007 - Placed on Subcommittee Calendar Industrial Impact of Commerce for 04/18/2007
- 04/11/2007 - Action Deferred in Subcommittee Industrial Impact of Commerce to 4/18/2007
- 04/04/2007 - Placed on Subcommittee Calendar Industrial Impact of Commerce for 04/11/2007
- 04/04/2007 - Assigned to Subcommittee Industrial Impact of COM
- 04/03/2007 - Referred to Commerce
- 02/14/2007 - Passed second consideration, caption bill, held on desk - pending amdt.
- 02/12/2007 - Introduced, Passed first consideration
- 02/08/2007 - Filed for Introduction
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Fiscal Notes
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