S10020Introduced in the Senate
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.
Introduced by Christopher Ryan, District 50
What does this bill do?
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Official description
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.
Where it stands
REFERRED TO CONSUMER PROTECTION
April 22, 2026
How did lawmakers vote?
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Bill history
REFERRED TO CONSUMER PROTECTION
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