States / New York / A 11223

A 11223 In Committee

Increases the interest rate for late payments due on construction contracts; repealer

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

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.

Chamber
House
Introduced
May 1, 2026
Last action
May 1, 2026 — REFERRED TO GOVERNMENTAL OPERATIONS
Session
2025-2026
Momentum
26 · Low