25RS SB 76

Actions

Legislative History
Last Action	04/02/25: signed by Governor (Acts Ch. 156)
Title	AN ACT relating to contracts for the improvement of real estate.
Bill Documents	Acts Chapter 156 Current/Final Introduced
Bill Request Number	842
Sponsor	G. Elkins
Summary of Enacted Version	Amends KRS 371.160 to increase the threshold for the creation of escrow accounts for real estate improvement contracts from $500,000 to $2,000,000; and amends KRS 371.405 to prohibit the waiver by contract of any provision of KRS 371.160.
Summary of Original Version	Amend KRS 371.160 to increase the threshold for the creation of escrow accounts for real estate improvement contracts from $500,000 to $2,000,000; amend KRS 371.405 to prohibit the waiver by contract of any provision of KRS 371.160.
Index Headings of Original Version	Property - Construction contracts, escrow, waiver, prohibition Property - Contracts, improvement of real estate, escrow, threshold amount, increase Real Estate - Construction contracts, escrow, waiver, prohibition Real Estate - Contracts, improvement of real estate, escrow, threshold amount, increase Contracts - Construction, escrow, waiver, prohibition Contracts - Improvement of real estate, escrow, threshold amount, increase
Votes	Vote History

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01/10/25	introduced in Senate to Committee on Committees (S)
02/04/25	to Economic Development, Tourism, & Labor (S)
02/06/25	reported favorably, 1st reading, to Calendar
02/07/25	2nd reading, to Rules posted for passage in the Regular Orders of the Day for Tuesday, February 11, 2025
02/11/25	3rd reading, passed 37-0
02/12/25	received in House to Committee on Committees (H)
03/05/25	to Economic Development & Workforce Investment (H)
03/11/25	reported favorably, 1st reading, to Calendar
03/12/25	2nd reading, to Rules posted for passage in the Regular Orders of the Day for Thursday, March 13, 2025
03/28/25	3rd reading, passed 100-0 received in Senate enrolled, signed by President of the Senate enrolled, signed by Speaker of the House delivered to Governor
04/02/25	signed by Governor (Acts Ch. 156)