Relating to required lease terms for public property leased to a nongovernmental entity.
HB 5435 requires leases for public property between government entities and private organizations to include specific terms for construction, alteration, or repair work. It mandates that contractors provide payment and performance bonds (guaranteeing payment and work completion) and give 90 days' written notice before starting work. The bill exempts institutions of higher education from the notice requirement. This law applies only to new leases signed on or after September 1, 2025, directly affecting private contractors and developers leasing public land.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2025
Committee Review
May 2025
House Passage
May 2025
Senate Passage
May 2025
Signed into Law
Jun 2025
Introduced Apr 7, 2025
Signed Jun 20, 2025
Maddy AI version diff · 2 comparisons
What changed between versions
Engrossed
→
Enrolled
·
1 edit
·
Jun 20, 2025
MINOR
The bill text was reformatted from an 'Engrossed' version to an 'Enrolled' version, which is the final version signed by the Governor. The substantive legislative content regarding lease terms for public property remains unchanged.
TECHNICAL
The bill was converted from an 'Engrossed' draft to an 'Enrolled' final version, adding signature lines for the President of the Senate, Speaker of the House, and Governor, and removing draft formatting markers.
Floor votes · House May 8, 2025
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
50
Key actions
16
Committee
11
Jun 20, 2025
Signed into law
Signed by the Governor
executive
May 31, 2025
Upper · Passed
Signed in the Senate
upper
May 30, 2025
Lower · Passed
Signed in the House
lower
May 29, 2025
Lower · Passed
Senate passage reported
lower
May 28, 2025
Upper · Passed
Passed
upper
May 26, 2025
Upper · Passed
Committee report printed and distributed
upper
May 26, 2025
Upper · Passed
Vote taken in committee
upper
May 26, 2025
Upper · Passed
Reported favorably w/o amendments
upper
May 23, 2025
Upper · Passed
Left pending in committee
upper
May 9, 2025
Committee
Referred to Business & Commerce
upper
May 9, 2025
Introduced
Read first time
upper
May 8, 2025
Introduced
Received from the House
upper
May 8, 2025
Lower · Passed
Passed
lower
May 7, 2025
Lower · Passed
Passed to engrossment
lower
Apr 29, 2025
Lower · Passed
Committee report sent to Calendars
lower
Apr 28, 2025
Lower · Passed
Committee report distributed
lower
Apr 24, 2025
Lower · Passed
Reported favorably as substituted
lower
Apr 23, 2025
Lower · Passed
Left pending in committee
lower
Apr 23, 2025
Lower · Passed
Testimony taken/registration(s) recorded in committee
lower
Apr 7, 2025
Committee
Referred to State Affairs
lower
Apr 7, 2025
Introduced
Read first time
lower
2 primary · 0 co-sponsors
Sponsors
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