New York · 2025 Regular Session · Bill
S 10020: Increases the interest rate for late payments due on construction contracts; repealer
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 10020 is a bill introduced in the New York Senate on April 22, 2026. According to its official title, it concerns: Increases the interest rate for late payments due on construction contracts; repealer. Primary sponsor: Chris Ryan (Democratic). Most recent recorded action (April 22, 2026): REFERRED TO CONSUMER PROTECTION.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Chris Ryan | Primary sponsor | Democratic | Senate | 50 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO CONSUMER PROTECTION