VirginiaContracts; retainage bonds permitted in construction contracts, effective clause.
What it does
Contracts; retainage bonds permitted in construction contracts. Allows, in any construction contract between an owner and a general contractor or between a general contractor and a subcontractor, such contractor or subcontractor to tender a retainage bond, defined in the bill, as a substitute for retainage withheld as security in such contracts. The provisions of the bill do not become effective unless reenacted by the 2027 Session of the General Assembly.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 8Acts of Assembly Chapter text (CHAP0485)Latest
- Apr 8Approved by Governor Abigail Spanberger-Chapter485 (Effective -see bill)Became Law
- Mar 10Governor's Action Deadline 11:59 p.m., April 13, 2026To Governor
- Mar 10Enrolled Bill communicated to Governor on March 10, 2026Minor
- Mar 9Signed by PresidentMajor
- Mar 9Signed by SpeakerMajor
- Mar 9Bill text as passed Senate and House (SB165ER)Major
- Mar 9EnrolledMinor
- Mar 3Passed House (97-Y 0-N 0-A)Passed House
- Vote recorded H VOTE:. Result: pass.Lower
- Mar 3Read third timeMinor
- Mar 2Read second timeMinor
- Feb 26Reported from General Laws (21-Y 0-N)Minor
- Vote recorded Reported from General Laws. Result: pass.Lower
- Feb 24Subcommittee recommends reporting (10-Y 0-N)
- Vote recorded Subcommittee recommends reporting. Result: pass.Lower
- Feb 23Assigned HGL sub: Procurement/Open GovernmentMinor
- Feb 6Referred to Committee on General LawsMinor
- Feb 6Read first timeMinor
- Feb 6Placed on Calendar
- Feb 3Read third time and passed Senate (39-Y 0-N 0-A)Passed Senate
- Vote recorded Passage R. Result: pass.Upper
- Feb 2Engrossed by Senate as amended Block Vote (Voice Vote)
- Feb 2General Laws and Technology Amendment agreed toMajor
- Feb 2Read second timeMinor
- Jan 30Passed by for the day Block Vote (Voice Vote)
- Vote recorded Constitutional reading dispensed R. Result: pass.Upper
- Jan 30Constitutional reading dispensed Block Vote (on 1st reading) (38-Y 0-N 0-A)
- Jan 30Rules suspended
- Jan 28Reported from General Laws and Technology with amendment (15-Y 0-N)Minor
- Vote recorded Reported from General Laws and Technology with amendment. Result: pass.Upper
- Jan 7Introduced bill reprinted 26101912D
- Jan 7Referred to Committee on General Laws and TechnologyMinor
- Jan 7Prefiled and ordered printed; Offered 01-14-2026 26101912DIntroduced