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S 10020

New York Senate bill in Session 2025-2026.

Status: in_committee. Latest action: April 22, 2026.

Increases the interest rate for late payments due on construction contracts; repealer.

Bill ID NY-2025-2026-S-10020
Session 2025-2026
Status in_committee
Committee Consumer Protection
Senate in_committee 2026-04-22
Summary

Increases the interest rate for late payments due on construction contracts from one to two percent; includes a change order as part of the definition of construction contract; defines change order; repeals exceptions for lower Manhattan construction contracts.

Sponsor
Christopher Ryan
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-04-22 Introduced Bill introduced
2026-04-22 Status in_committee
2026-04-22 Latest Action In Senate Committee
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