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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.
Introduced
Jan 10, 2025
Last Action
Apr 2, 2025
Session
KY 2025RS
Sponsors
0 primary · 0 co
signed by Governor (Acts Ch. 156)
3rd reading, passed 100-0
delivered to Governor
enrolled, signed by Speaker of the House
enrolled, signed by President of the Senate
received in Senate
2nd reading, to Rules
posted for passage in the Regular Orders of the Day for Thursday, March 13, 2025
reported favorably, 1st reading, to Calendar
to Economic Development & Workforce Investment (H)
received in House
to Committee on Committees (H)
3rd reading, passed 37-0
posted for passage in the Regular Orders of the Day for Tuesday, February 11, 2025
2nd reading, to Rules
reported favorably, 1st reading, to Calendar
to Economic Development, Tourism, & Labor (S)
to Committee on Committees (S)
introduced in Senate
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
signed by Governor (Acts Ch. 156)