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SB 1587 SD1

Hawaii Senate bill in Session 2026.

Status: in_committee. Latest action: February 14, 2025.

Retainage Fees; Contractors; Public Contracts.

Bill ID HI-2026-SB-1587
Session 2026
Status in_committee
Committee GVO, WAM
Senate in_committee 2025-02-14
Government Operations Tax / Budget / Appropriations
Summary

Allows procurement officers to withhold a retainage fee from the total budget from contractors to ensure satisfactory project completion. Requires the retainage fee to be paid to contractors within a certain number of days of project completion. Applies to public contracts executed on or after 1/1/2026. Effective 1/1/2491. (SD1)

Sponsor
Aquino
Official Source Back to Bills
Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2025-02-14 Status in_committee
2025-02-14 Latest Action Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
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