New York bills · 2025 Regular Session
New York S 10020
Increases the interest rate for late payments due on construction contracts; repealer
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Christopher Ryan (Democratic)
Summary
Official abstract published by the New York legislature
Increases the interest rate for late payments due on construction contracts from one to two percent; includes a change order as part of the definition of construction contract; defines change order; repeals exceptions for lower Manhattan construction contracts.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Apr 22, 2026 · Senate
REFERRED TO CONSUMER PROTECTION