SENATE BILL No. 292
DIGEST OF INTRODUCED BILL
Citations Affected: IC 4-13-2-14.9.
Synopsis: Timely payment of contractors and subcontractors. Requires
that any subcontract entered into by a person with whom the state has
a contract must include a provision for prompt payment by the
subcontractor to employees of the subcontractor and to any party to
whom the subcontractor must make payments under the subcontract.
Effective: July 1, 2012.
January 5, 2012, read first time and referred to Committee on Public Policy.
Second Regular Session 117th General Assembly (2012)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
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between statutes enacted by the 2011 Regular Session of the General Assembly.
SENATE BILL No. 292
A BILL FOR AN ACT to amend the Indiana Code concerning state
offices and administration.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 4-13-2-14.9; (12)IN0292.1.1. -->
SECTION 1. IC 4-13-2-14.9 IS ADDED TO THE INDIANA CODE
AS A NEW
SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
1, 2012]: Sec. 14.9. Any contract entered into by the state must
include a provision that any subcontract entered into by the
contractor must include a provision that the subcontractor will
make timely payments to:
(1) the employees of the subcontractor; and
(2) any party to whom the subcontractor must make
payments under the subcontract.