HB 723: Construction Bonds
GENERAL BILL by McClain
Construction Bonds; 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.
Last Action: 3/10/2018 House - Died in Careers and Competition Subcommittee
Bill Text: PDF
Date Chamber Action 11/15/2017 House • Filed
11/27/2017 House • Referred to Careers and Competition Subcommittee; Civil Justice and Claims Subcommittee; Commerce Committee -HJ 64
1/9/2018 House • Introduced -HJ 64
3/10/2018 House • Indefinitely postponed and withdrawn from consideration
• Died in Careers and Competition Subcommittee
HB 723, Original Filed Version (Current Bill Version) Posted 11/15/2017 at 5:53 PM
Bill Text: Analyses: None
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 908 (c1) Construction Bonds Steube Similar Last Action: 3/10/2018 S Died in Community Affairs
Citations - Statutes (5)
Citation Catchline Location in Bill Location In Bill Help 255.05 Bond of contractor constructing public buildings; form; action by claimants. Page 2 (pdf) 627.428 Attorney’s fee. Page 7 (pdf) 627.756 Bonds for construction contracts; attorney fees in case of suit. Page 7 (pdf) 713.23 Payment bond. Page 8 (pdf) 713.245 Conditional payment bond. Page 12 (pdf)
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