Bill Text | History of Actions | Background | Title |
Description: Highway construction contracts; require to include liquidated damages provision.
Bill Text: [Introduced]
| 1 | 01/08 (H) Referred To Transportation | |
| 2 | 02/05 (H) Died In Committee |
| Effective date | July 1, 2002 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committee:
Principal Author: Janus
Code Section: A 065-0001-0008
Title: AN ACT TO AMEND SECTION 65-1-8, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT CONTRACTS BETWEEN THE MISSISSIPPI TRANSPORTATION COMMISSION AND A CONTRACTOR FOR NEW CONSTRUCTION MUST CONTAIN A PROVISION FOR LIQUIDATED DAMAGES FOR EACH DAY THAT THE CONTRACTOR FAILS TIMELY TO COMPLETE THE CONTRACT; TO AUTHORIZE SUCH CONTRACTS TO CONTAIN EXTRA COMPENSATION TO THE CONTRACTOR TO SERVE AS BONUS IF THE CONTRACTOR COMPLETES THE CONTRACT EARLY; AND FOR RELATED PURPOSES.
End Of Document
2002/html/History/HB/HB0112.htm