Contracts; retainage bonds permitted in construction contracts, effective clause.
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “An Act to amend the Code of Virginia by adding a section numbered 11-4.7, relating to contracts; retainage bonds permitted in construction contracts.” Read the full text
2026 session
What it does
Contracts; retainage bonds permitted in construction contracts. Allows, in any construction contract between an owner and a general contractor or between a general contractor and a subcontractor, such contractor or subcontractor to tender a retainage bond, defined in the bill, as a substitute for retainage withheld as security in such contracts. The provisions of the bill do not become effective unless reenacted by the 2027 Session of the General Assembly.
From the official legislative record, shown verbatim. Not legal advice.
Where it is
Introduced · Jan 7, 2026
Acts of Assembly Chapter 485 (latest official status)
Latest official status shown, exactly as the official record states it. The step by step history lives on the official page linked below.
The numbers
1
sponsor on the bill
Sponsors
Jeremy S. McPike
Recorded votes
Passed House (97-Y 0-N 0-A)House of Delegates · 2026-03-03 · P · Y 97, X 2
Reported from General Laws (21-Y 0-N)House of Delegates · 2026-02-26 · P · Y 21
Subcommittee recommends reporting (10-Y 0-N)House of Delegates · 2026-02-24 · P · Y 10
Read third time and passed Senate (39-Y 0-N 0-A)Senate · 2026-02-03 · P · Y 39, X 1
Engrossed by Senate Block Vote (Voice Vote)Senate · 2026-02-02 · P · X 40
General Laws and Technology Amendment agreed to Senate · 2026-02-02 · P · X 40
Constitutional reading dispensed Block Vote (on 1st reading) (38-Y 0-N 0-A)Senate · 2026-01-30 · P · Y 38, X 2
Reported from General Laws and Technology with amendment (15-Y 0-N)Senate · 2026-01-28 · P · Y 15
Roll-call results shown verbatim from the Virginia legislature’s records. A result reflects that roll call’s own motion, not the bill’s overall outcome.
Every fact on this page links to its source, starting with the official bill record. Last action: Acts of Assembly Chapter 485.