Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 21, 2012 |
committed to rules |
May 07, 2012 |
advanced to third reading |
May 02, 2012 |
2nd report cal. |
May 01, 2012 |
1st report cal.666 |
Jan 04, 2012 |
referred to finance returned to senate died in assembly |
Jun 22, 2011 |
referred to governmental operations delivered to assembly passed senate |
May 04, 2011 |
advanced to third reading |
May 03, 2011 |
2nd report cal. |
May 02, 2011 |
1st report cal.419 |
Feb 10, 2011 |
referred to finance |
Senate Bill S3181
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Rules Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
(R, C, IP) Senate District
(R, C) Senate District
(R, C) 58th Senate District
2011-S3181 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A5024
- Current Committee:
- Senate Rules
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §139-f, St Fin L; amd §106-b, Gen Muni L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S802, A2347
2013-2014: S1974, A1660
2015-2016: S2924, A4266
2017-2018: S5238, A5344
2019-2020: A5429
2011-S3181 (ACTIVE) - Sponsor Memo
BILL NUMBER:S3181 TITLE OF BILL: An act to amend the state finance law and the general municipal law, in relation to release of subcontractor's retainage PURPOSE OR GENERAL IDEA OF BILL: This bill amends the general municipal law and the state finance law to provide for an early release of retainage on public jobs. SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends section 139-f(2) of the state finance law by adding the sentence, "Notwithstanding any other provision of this section or other law, any retainage held by a public owner or contractor representing retainage for a subcontractors work shall be released no later than 60 days from the completion and acceptance by the public owner of the subcontractor's work." Section 2 amends section 106-b (2) of the general municipal law by adding the sentence, "Notwithstanding any other provision of this section or other law, any retainage held by a public owner or contractor representing retainage for a subcontractor's work shall be
2011-S3181 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 3181 A. 5024 2011-2012 Regular Sessions S E N A T E - A S S E M B L Y February 10, 2011 ___________ IN SENATE -- Introduced by Sens. DeFRANCISCO, JOHNSON, O'MARA -- read twice and ordered printed, and when printed to be committed to the Committee on Finance IN ASSEMBLY -- Introduced by M. of A. CUSICK, GABRYSZAK -- read once and referred to the Committee on Governmental Operations AN ACT to amend the state finance law and the general municipal law, in relation to release of subcontractor's retainage THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 139-f of the state finance law, as amended by section 16 of part MM of chapter 57 of the laws of 2008, is amended to read as follows: 2. Payment by contractors to subcontractors. Within seven calendar days of the receipt of any payment from the public owner, the contractor shall pay each of his subcontractors and materialmen the proceeds from the payment representing the value of the work performed and/or materi- als furnished by the subcontractor and/or materialman and reflecting the percentage of the subcontractor's work completed or the materialman's material supplied in the requisition approved by the owner and based upon the actual value of the subcontract or purchase order less an amount necessary to satisfy any claims, liens or judgments against the subcontractor or materialman which have not been suitably discharged and less any retained amount as hereafter described. Failure by the contrac- tor to pay any subcontractor or materialman within seven calendar days of the receipt of any payment from the public owner shall result in the commencement and accrual of interest on amounts due to such subcontrac- tor or materialman for the period beginning on the day immediately following the expiration of such seven calendar day period and ending on the date on which payment is made by the contractor to such subcontrac- tor or materialman. Such interest payment shall be the sole responsibil- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00503-01-1
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