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SB165Introduced in the Senate

Contracts; retainage bonds permitted in construction contracts, effective clause.

Passed

Introduced by Jeremy McPike, District 29

What does this bill do?

Plain-English breakdown

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Official description

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.

Where it stands

Acts of Assembly Chapter text (CHAP0485)

April 8, 2026

How did lawmakers vote?

House of Delegates votes

3 recorded votes · each counted separately

Senate votes

3 recorded votes · each counted separately

House of DelegatesStage: Passed House (97-Y 0-N 0-A) · March 3, 2026

97

Yes

0

No

2

Absent or Not Voting

99 delegates recorded in this House of Delegates vote. Colors show vote categories only, not whether a vote was good or bad.

See how each delegate voted

Bill history

  1. Prefiled and ordered printed; Offered 01-14-2026 26101912D

  2. Referred to Committee on General Laws and Technology

  3. Introduced bill reprinted 26101912D

  4. Reported from General Laws and Technology with amendment (15-Y 0-N)

  5. Rules suspended

  6. Constitutional reading dispensed Block Vote (on 1st reading) (38-Y 0-N 0-A)

  7. Passed by for the day Block Vote (Voice Vote)

  8. Read second time

  9. General Laws and Technology Amendment agreed to

  10. Engrossed by Senate as amended Block Vote (Voice Vote)

  11. Read third time and passed Senate (39-Y 0-N 0-A)

  12. Placed on Calendar

  13. Read first time

  14. Referred to Committee on General Laws

  15. Assigned HGL sub: Procurement/Open Government

  16. Subcommittee recommends reporting (10-Y 0-N)

  17. Reported from General Laws (21-Y 0-N)

  18. Read second time

  19. Read third time

  20. Passed House (97-Y 0-N 0-A)

  21. Enrolled

  22. Bill text as passed Senate and House (SB165ER)

  23. Signed by Speaker

  24. Signed by President

  25. Enrolled Bill communicated to Governor on March 10, 2026

  26. Governor's Action Deadline 11:59 p.m., April 13, 2026

  27. Approved by Governor-Chapter485 (Effective -see bill)

  28. Acts of Assembly Chapter text (CHAP0485)

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