Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate advances bill to protect subcontractors’ access to financing information; SB 152 moves forward
Summary
SB 152, sponsored by Sen. Reese, seeks to limit the impact of 'pay-if-paid' clauses by reaffirming subcontractors’ lien rights and allowing them to request project financing information when contingent-payment clauses apply. After floor debate about private-contract limits, the Senate voted to advance the bill to third reading (26–2).
The Senate advanced SB 152 on Feb. 19, 1996 after debate about balancing protections between general contractors and subcontractors on projects where payment is contingent.
Senator Reese, sponsor, said the bill responds to commercial contracting practices that leave subcontractors unpaid when an owner does not pay the general contractor. He described committee negotiations that produced a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
