State Finance and Procurement - Retention Proceeds

Summary

The bill forces any undisputed retention money held by a state agency or contractor on a construction contract to be released within 90 days after the project is substantially finished. It also caps retainage at 5% when contractors provide full payment and performance securities and sets rules for escrow and interest on retained funds.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Hearings

• Budget and Taxation — Bill Hearing
  Budget and Taxation · Mar 24, 2026
• Government, Labor, and Elections — Bill Hearing
  Government, Labor, and Elections · Feb 27, 2026

History

1. Mar 23, 2026Hearing 3/24 at 1:00 p.m.
2. Mar 19, 2026Referred Budget and Taxation
3. Mar 18, 2026Third Reading Passed
4. Mar 17, 2026Favorable Adopted Second Reading Passed
5. Mar 16, 2026Favorable Report by Government, Labor, and Elections
6. Feb 19, 2026Hearing 2/27 at 1:00 p.m.
7. Feb 5, 2026First Reading Government, Labor, and Elections

Sponsors

• Adams · sponsor
• Cullison
• Kerr

Bill text

Opens the legislature’s own copy.

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