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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.

Effective Date: 10/1/2018
Last Action: 3/10/2018 House - Died in Careers and Competition Subcommittee
Bill Text: PDF

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  • Bill History

    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    3/10/2018 House • Indefinitely postponed and withdrawn from consideration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

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  • HB 723, Original Filed Version (Current Bill Version) Posted 11/15/2017 at 5:53 PM

    Bill Text:   PDF
    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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