Enacts new GS 143-134.2A allowing subcontractors performing construction work on any state building or for any county, municipality, or other public body to store materials and equipment on the subcontractor's own property or an off-site facility.
Enacts new GS 143-134.2B requiring public entities to pay a contractor, and the contractor to pay a subcontractor, funds due for materials and equipment after proof is given that the same are stored, insured, and available for use on the contract/subcontract.
Effective October 1, 2015, applying to contracts and subcontracts entered into on or after that date.
STORAGE OF SUPPLIES ACT.
Printer-friendly: Click to view
| View NCGA Bill Details(link is external) | 2015-2016 Session |
AN ACT TO ALLOW SUBCONTRACTORS ON PUBLIC CONTRACTS FOR CONSTRUCTION OR REPAIR WORK TO STORE MATERIALS AND EQUIPMENT RELATED TO A CONTRACT ON THEIR OWN PROPERTY OR IN AN OFF-SITE FACILITY.Intro. by Brody.
Status: Ref To Com On Regulatory Reform (House Action) (Apr 15 2015)
Bill History:
-
Tue, 14 Apr 2015 House: Filed(link is external)
-
Wed, 15 Apr 2015 House: Passed 1st Reading(link is external)
-
Wed, 15 Apr 2015 House: Ref To Com On Regulatory Reform(link is external)
H 694
Bill Summaries:
-
Bill H 694 (2015-2016)Summary date: Apr 14 2015 - View Summary
View: All Summaries for Bill