Alaska legislation · 34th Legislature
Alaska HB389: RETAINAGE ON CONSTRUCTION CONTRACTS
Status: In committee, May 1, 2026
An Act relating to retainage on public and private construction contracts.
What the bill says
An act ENTITLED "An Act relating to retainage on public and private construction contracts.".
From the introduced text:
AN ACT ENTITLED "An Act relating to retainage on public and private construction contracts." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: * Section 1. AS 36.90.210 is amended to read: Sec. 36.90.210. Required contractual terms. (a) The prime contractor and a subcontractor on a public construction or public works contract must include in a subcontract between the prime contractor and subcontractor for the public construction or public works a clause that requires the prime contractor to pay (1) the subcontractor for satisfactory performance under the subcontract within eight working days after receiving payment from which the subcontractor is to be paid; (2) the subcontractor all retainage due under the subcontract within the period provided in AS 45.45.940(c) [EIGHT WORKING DAYS AFTER FINAL PAYMENT IS RECEIVED FROM THE STATE OR POLITICAL SUBDIVISION] or after the notice period under AS 36.25.020(b) expires, whichever is later; (3) the subcontractor interest on an amount that is not paid in HB0389a -1- HB New Text Underlined [DELETED TEXT BRACKETED] 34-LS1573\I accordance with (1) of this subsection for the period beginning on the day after the required payment date and ending on the day on which payment of the amount due is made; the interest shall be computed at an interest rate that is equal to the amount set out in AS …
Sponsors
- Commerce, House Labor & (I) · primary sponsor
Latest actions
- : (H) Heard & Held
- : (H) LABOR & COMMERCE at 03:15 PM BARNES 124
- : (H) REFERRED TO LABOR & COMMERCE
- : (H) L&C, TRA
- : (H) READ THE FIRST TIME - REFERRALS
Subjects: BUILDINGS, CONTRACTS, CONSTRUCTION, BONDS & BONDING, BUSINESS, INTEREST, WAGES, OCCUPATIONS & PROFESSIONS
Common questions
- What is HB389?
- HB389 is a bill in the Alaska Legislature (34th Legislature): RETAINAGE ON CONSTRUCTION CONTRACTS.
- What does HB389 do?
- In its own words: An act ENTITLED "An Act relating to retainage on public and private construction contracts.".
- What is the status of HB389?
- In committee as of May 1, 2026. Latest action: (H) Heard & Held (May 6, 2026).
- Who sponsored HB389?
- Commerce, House Labor & (I).
- Where is the official record for HB389?
- On the Alaska Legislature website: https://www.akleg.gov/basis/Bill/Detail/34?Root=HB 389
Source: official Alaska record. Tracked by Delilah, AI for legislation across all 50 states and Congress.