BILL · 2015–16 SESSION · LATEST VERSION SHB 1575

HB 1575: Contract retainage bonds

Regulating retainage bonds on public contracts.

Summary

  • Clarifies that all contract retainage bonds must comply with statute.
  • Requires an A-minus or better rating for a retainage bond provider.

From the Substitute House Bill Report (SHB 1575), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 280, Laws of 2015
  1. IntroducedJan 23, 2015
  2. Out of committeeFeb 13, 2015
  3. Passed HouseMar 5, 2015
  4. Passed SenateApr 13, 2015
  5. GovernorMay 18, 2015
  6. LawMay 18, 2015
Prime sponsor
Vincent Buys (R-42)
Introduced
January 23, 2015 in the House
Last action
May 18, 2015
Session law
Chapter 280, Laws of 2015
Budget
Has a fiscal note
Versions
HB 1575, SHB 1575

AN ACT Relating to retainage bonds on public contracts;

Sponsors

Prime sponsor: Vincent Buys (R-42)

3 co-sponsors (2 Democrats, 1 Republican)

Votes

House · Final Passage

Passed March 5, 2015
Version voted on: SHB 1575
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat51000
Republican47000
How each member voted

Yea (98)

Senate · 3rd Reading & Final Passage

Passed April 13, 2015
Version voted on: SHB 1575
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat24000
Republican25000
How each member voted

History

  1. Effective date 7/24/2015. (SHB 1575)
  2. Chapter 280, 2015 Laws. (SHB 1575)
  3. Governor signed. (SHB 1575)
  4. Delivered to Governor. (SHB 1575)
  5. President signed. (SHB 1575)
  6. Speaker signed. (SHB 1575)
  7. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (SHB 1575)
  8. Rules suspended. Placed on Third Reading. (SHB 1575)
  9. Placed on second reading by Rules Committee. (SHB 1575)
  10. Passed to Rules Committee for second reading. (SHB 1575)
  11. FI - Majority; do pass. (SHB 1575)
  12. Referred to Financial Institutions & Insurance. (SHB 1575)
  13. And refer to Financial Institutions & Insurance. (SHB 1575)
  14. WM - Majority; without recommendation. (SHB 1575)
  15. First reading, referred to Ways & Means. (SHB 1575)
  16. Third reading, passed; yeas, 98; nays, 0; absent, 0; excused, 0. (SHB 1575)
  17. Rules suspended. Placed on Third Reading. (SHB 1575)
  18. 1st substitute bill substituted. (SHB 1575)
  19. 1st substitute bill substituted.
  20. Placed on second reading by Rules Committee. (SHB 1575)
  21. Placed on second reading by Rules Committee.
  22. Referred to Rules 2 Review. (SHB 1575)
  23. Referred to Rules 2 Review.
  24. CB - Majority; 1st substitute bill be substituted, do pass. (SHB 1575)
  25. CB - Majority; 1st substitute bill be substituted, do pass.
  26. First reading, referred to Capital Budget (Not Officially read and referred until adoption of Introduction report).

HB 1575 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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