Sec. 42-158k. Retainage limitation. - Connecticut Statutes

      Sec. 42-158k. Retainage limitation. No construction contract may provide for any retainage in an amount that exceeds seven and one-half per cent of the estimated amount of a progress payment for the life of the construction project.

      (P.A. 99-153, S. 3; P.A. 03-167, S. 8.)

      History: P.A. 03-167 deleted provision re section not to be construed to require construction contract to contain retainage provision, effective January 1, 2004.