Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 12, 2018 |
print number 5344a |
Jan 12, 2018 |
amend and recommit to governmental operations |
Jan 03, 2018 |
referred to governmental operations |
Feb 08, 2017 |
referred to governmental operations |
Assembly Bill A5344A
2017-2018 Legislative Session
Sponsored By
CUSICK
Archive: Last Bill Status - In Assembly 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
Bill Amendments
co-Sponsors
Crystal Peoples-Stokes
Anthony D'Urso
Angelo J. Morinello
Angelo Santabarbara
2017-A5344 - Details
- See Senate Version of this Bill:
- S5238
- Current Committee:
- Assembly Governmental Operations
- 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:
A2347, S802
2011-2012: A5024, S3181
2013-2014: A1660, S1974
2015-2016: A4266, S2924
2019-2020: A5429
2017-A5344 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5344 2017-2018 Regular Sessions I N A S S E M B L Y February 8, 2017 ___________ Introduced by M. of A. CUSICK, PEOPLES-STOKES, D'URSO, MORINELLO, SANTA- BARBARA, SEPULVEDA, COLTON, BICHOTTE -- 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- ity of the contractor, and shall be paid at the rate of interest in effect on the date payment is made by the contractor. Notwithstanding any other provision of law to the contrary, interest shall be computed EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
Crystal Peoples-Stokes
Anthony D'Urso
Angelo J. Morinello
Angelo Santabarbara
2017-A5344A (ACTIVE) - Details
- See Senate Version of this Bill:
- S5238
- Current Committee:
- Assembly Governmental Operations
- 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:
A2347, S802
2011-2012: A5024, S3181
2013-2014: A1660, S1974
2015-2016: A4266, S2924
2019-2020: A5429
2017-A5344A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5344--A 2017-2018 Regular Sessions I N A S S E M B L Y February 8, 2017 ___________ Introduced by M. of A. CUSICK, PEOPLES-STOKES, D'URSO, MORINELLO, SANTA- BARBARA, SEPULVEDA, COLTON, BICHOTTE -- read once and referred to the Committee on Governmental Operations -- recommitted to the Committee on Governmental Operations in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee 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.
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