58-55-602 - Payment of construction funds -- Interest. - Utah Statutes

58-55-602. Payment of construction funds -- Interest.
(1) All unpaid construction funds are payable to the contractor as provided in Section13-8-5.
(2) On projects involving multiple buildings, each building shall be consideredindividually in determining the amount to be paid the contractor.
(3) Partial occupancy of a building requires payment in direct proportion to the value ofthe part of the building occupied.
(4) If any payment is retained or withheld, it shall be retained or withheld and released asprovided in Section 13-8-5.

Amended by Chapter 365, 1999 General Session