Assembly Bill A5025

Signed By Governor
2011-2012 Legislative Session

Amends the dates for filing a claim and commencing an action on a bond

download bill text pdf

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Archive: Last Bill Status Via S3182 - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-A5025 (ACTIVE) - Details

See Senate Version of this Bill:
S3182
Law Section:
State Finance Law
Laws Affected:
Amd ยง137, St Fin L
Versions Introduced in 2009-2010 Legislative Session:
A2387, S797

2011-A5025 (ACTIVE) - Summary

Amends the dates for filing a claim and commencing an action on a bond; provides that no action on a payment bond after the expiration of one year from the date on which the public improvement has been completed and accepted by the public owner.

2011-A5025 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

    S. 3182                                                  A. 5025

                       2011-2012 Regular Sessions

                      S E N A T E - A S S E M B L Y

                            February 10, 2011
                               ___________

IN  SENATE  --  Introduced by Sen. DeFRANCISCO -- read twice and ordered
  printed, and when printed to be committed to the Committee on Finance

IN ASSEMBLY -- Introduced by M. of A. CUSICK, MAGNARELLI, TITONE -- read
  once and referred to the Committee on Codes

AN ACT to amend the state finance law, in relation to amending the  date
  for commencing an action on a bond

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1.  Paragraph (b) of subdivision 4 of section 137 of the state
finance law, as amended by chapter 242 of the laws of 2002,  is  amended
to read as follows:
  (b)  Except  as  provided in section two hundred twenty-g of the labor
law, no action on a payment bond  furnished  pursuant  to  this  section
shall  be  commenced  after  the expiration of one year from the date on
which [final payment under the claimant's subcontract  became  due]  THE
PUBLIC IMPROVEMENT HAS BEEN COMPLETED AND ACCEPTED BY THE PUBLIC OWNER.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00505-01-1

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