States / New York / S 10020

S 10020 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
Senate
Introduced
Apr 22, 2026
Last action
Apr 22, 2026 — REFERRED TO CONSUMER PROTECTION
Session
2025-2026
Momentum
26 · Low