The OMA led a coalition of business groups to oppose House Bill 203, the prompt pay act. The labor-supported bill would set the payment terms in construction contracts and eliminate the owner’s right to negotiate by requiring all contracts be paid within 30 days. HB 203 would impose an 18% rate on payments not made within the state-mandated “prompt pay” period.

With just a few weeks remaining in the general assembly, the OMA will continue its efforts to oppose the bill and prevent its passage. 12/10/2024