Kentucky · SB76

AN ACT relating to contracts for the improvement of real estate.

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Sponsors: 2
Votes: Apr 2 ’25
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The governor signed it. Nothing left to watch.

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AI summary

Written by AI from the bill text. Check the official text before relying on it.

Description

Amend KRS 371.160 to increase the threshold for the creation of escrow accounts for real estate improvement contracts from $500,000 to $2,000,000; amend KRS 371.405 to prohibit the waiver by contract of any provision of KRS 371.160.

Subjects

PropertyReal EstateContracts

Progress

IntroducedJan 10, 2025
Sent to committeeJan 10, 2025
Passed the first chamberFeb 7, 2025
PassedFeb 11, 2025
Passed both chambersMar 28, 2025
Became lawApr 2, 2025

From official state and federal legislative records. Informational only, not legal advice.