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Who cares
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Sponsors
No co-sponsors yet.
History
- Ordered to third reading cal.783
- Substituted for A9850
- Referred to judiciary
- Delivered to assembly
- Passed senateVote 59–0
- Advanced to third reading
- 2nd report cal.
- 1st report cal.237
- Referred to judiciary
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to lien filings for retainage
Assembly Floor Calendar · Sponsor Michael Cusick
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the lien law, in relation to lien filings for retainage
Purpose or general idea of bill
This bill amends the lien law to provide a time period for filing a lien for retainage on private jobs.
Summary of specific provisions
Section 1 amends section 10 of the lien law by adding the provision, "and provided further where the notice of lien is for retainage, the notice of lien may be filed within 90 days after the date the retainage was due to be released."
Justification
Currently, subcontractors who wait for their retainage to be released on private jobs will lose their lien rights as the waiting time will exceed the 8 month statute of limitations for filing a lien. This bill will cure this inequity by allowing the subcontractor a reasonable time period to file a lien for retainage.
Prior legislative history
New bill.
Fiscal implications
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.