This bill amends Section 29-115 of the Idaho Code to ensure that all construction contracts related to private work of improvement in Idaho are governed by Idaho law. It specifies that such contracts cannot mandate that any dispute resolution, including litigation or arbitration, occur in another state or country. This change aims to provide clarity and consistency for parties involved in construction contracts within the state.

Additionally, the bill maintains existing provisions regarding retention proceeds, which limit the amount that can be withheld by owners from contractors and subcontractors. It also emphasizes that any disputes between contractors and subcontractors regarding retention payments must not exceed a specified amount. The bill declares an emergency, making it effective from July 1, 2025.

Statutes affected:
Bill Text: 29-115