From official state and federal legislative records. Informational only, not legal advice.
Died
This idea didn't make it. It stopped moving and won't become a law this time.
In plain words
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Revising the time in which an action founded on the design, planning, or construction of an improvement to real property shall be commenced; revising the date on which the statute of limitations period for such action begins; defining the terms "completion of the improvement" and "completion of the contract", etc.