Bill Summary

HB 723 Construction Bonds (2018 Session)
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Sponsors
by McClain
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Summary
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: October 1, 2018
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committees of reference
» H Careers & Competition Subcommittee
   H Civil Justice & Claims Subcommittee
   H Commerce Committee
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Actions
11/15/17
HOUSE 
Filed
11/27/17
HOUSE 
Referred to Careers & Competition Subcommittee; Civil Justice & Claims Subcommittee; Commerce Committee
11/27/17
HOUSE 
Now in Careers & Competition Subcommittee
03/10/18
HOUSE 
Indefinitely postponed and withdrawn from consideration
03/10/18
HOUSE 
Died in Careers & Competition Subcommittee
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bill text & filed amendments
0723
Filed on 11/15/17
PDF
No amendments to this bill text filed.
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Statute Citations
255.05
627.756
627.428
713.23
713.245
Research & Reports
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