AN ACT relating to contracts for the improvement of real estate.
Summary
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.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
Senate Passage
Mar 2025
House Passage
Mar 2025
Signed into Law
Apr 2025
Introduced Jan 10, 2025
Signed Apr 2, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Introduced
→
Current/Final
·
3 edits
MINOR
The bill underwent technical formatting updates, primarily changing document identifiers from 'BR 842' to 'SB 76/GA' and adjusting timestamp metadata. No substantive policy changes were made to the bill's content, scope, or applicability.
TECHNICAL
Updated document reference numbers from 'BR 842' to 'SB 76/GA' to align with current bill tracking identifiers.
Modified header timestamps from '3:24 PM' to '3:25 PM' reflecting updated document generation time.
Changed page header labels from 'Jacketed' to 'GA' to indicate the bill's current status in the legislative process.
Floor votes · Senate Feb 11, 2025
How they voted
42–0
Passed · 1 other
Total votes 43
Feb 11, 2025
D
Democratic6
100% Yea
R
Republican37
97% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
19
Key actions
7
Committee
6
Apr 2, 2025
Signed into law
signed by Governor (Acts Ch. 156)
upper
Mar 28, 2025
Lower · Passed
enrolled, signed by Speaker of the House
lower
Mar 28, 2025
Upper · Passed
enrolled, signed by President of the Senate
upper
Mar 28, 2025
Upper · Passed
3rd reading, passed 100-0
upper
Mar 11, 2025
Upper · Passed
reported favorably, 1st reading, to Calendar
upper
Mar 5, 2025
Committee
to Economic Development & Workforce Investment (H)
lower
Feb 12, 2025
Committee
to Committee on Committees (H)
lower
Feb 11, 2025
Upper · Passed
3rd reading, passed 37-0
upper
Feb 6, 2025
Upper · Passed
reported favorably, 1st reading, to Calendar
upper
Feb 4, 2025
Committee
to Economic Development, Tourism, & Labor (S)
upper
Jan 10, 2025
Committee
to Committee on Committees (S)
upper
Jan 10, 2025
Introduced
introduced in Senate
upper
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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