|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Dec 13, 2019||vetoed memo.212|
|Dec 06, 2019||delivered to governor|
|Jun 20, 2019||returned to senate|
ordered to third reading rules cal.702
substituted for a3552
|Jun 12, 2019||referred to ways and means|
delivered to assembly
ordered to third reading cal.1289
committee discharged and committed to rules
|Jan 24, 2019||referred to finance|
senate Bill S2394Vetoed By Governor
Current Bill Status - Vetoed by Governor
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Vetoed by Governor
S2394 (ACTIVE) - Details
S2394 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2394 SPONSOR: BRESLIN TITLE OF BILL: An act to amend the state finance law and the general municipal law, in relation to payment in construction contracts PURPOSE OR GENERAL IDEA OF BILL: This bill is to clarify the meaning of substantial completion and to ensure a timely correspondence and finish of construction projects SUMMARY OF PROVISIONS: Section 1 - Amends subdivision 1 of section 139-f of the state finance law, as added by chapter 769 of the laws of 1978. Section 2 - Subdivision 1-a of section 139-f of the state finance law is renumbered subdivision 1-b and a new subdivision 1-a is added.
S2394 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2394 2019-2020 Regular Sessions I N S E N A T E January 24, 2019 ___________ Introduced by Sen. BRESLIN -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the state finance law and the general municipal law, in relation to payment in construction contracts THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 139-f of the state finance law, as added by chapter 769 of the laws of 1978, is amended to read as follows: 1. Payment by public owners to contractors. The contractor shall peri- odically, in accordance with the terms of the contract, submit to the public owner and/or his agent a requisition for a progress payment for the work performed and/or materials furnished to the date of the requi- sition, less any amount previously paid to the contractor. The public owner shall in accordance with the terms of the contract approve and promptly pay the requisition for the progress payment less an amount necessary to satisfy any claims, liens or judgments against the contrac- tor which have not been suitably discharged and less any retained amount as hereafter described. The public owner shall retain not more than five per centum of each progress payment to the contractor except that the public owner may retain in excess of five per centum but not more than ten per centum of each progress payment to the contractor provided that there are no requirements by the public owner for the contractor to provide a performance bond and a labor and material bond both in the full amount of the contract. The public owner shall pay, upon requisi- tion from the contractor, for materials pertinent to the project which have been delivered to the site or off-site by the contractor and/or subcontractor and suitably stored and secured as required by the public owner and the contractor provided, the public owner may limit such payment to materials in short and/or critical supply and materials specially fabricated for the project each as defined in the contract. When the work or major portions thereof as contemplated by the terms of EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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