Bill Text | History of Actions | Background | Title |
Description: Highway construction contracts; require to include liquidated damages provision.
Bill Text: [Introduced]
1 | 01/07 (H) Referred To Transportation | |
2 | 02/04 (H) Died In Committee |
Effective date | July 1, 2003 | |
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.
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2003/html/History/HB/HB0106.htm