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Tuesday, July 7, 2026

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NY · S10020CMTE · 1 COSPONSOR

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.

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Plain-English Summary

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.

Source: OpenStates · fetched April 22, 2026

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