SB 61
Private works of improvement: retention payments.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Sign in to take action- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill limits the amount of retention payments that can be withheld during construction projects in California. It restricts retention amounts to a maximum of 5% of each payment made to contractors and subcontractors, with some exceptions for residential projects and situations involving bond failures. The bill aims to reduce the potential for excessive retention holds and clarifies how attorney’s fees are awarded in related legal disputes.
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