25RS SB 76

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Last Action	02/07/25: posted for passage in the Regular Orders of the Day for Tuesday, February 11, 2025
Title	AN ACT relating to contracts for the improvement of real estate.
Bill Documents	Introduced
Bill Request Number	842
Sponsor	G. Elkins
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

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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