Colorado § 24-91-108 Retained payments - amount deducted by a public entity

Colorado Statutes

§ 24-91-108 — Retained payments - amount deducted by a public entity

Colorado § 24-91-108

Title 24Government

Art.Construction Contracts with Public Entities

This text of Colorado § 24-91-108 (Retained payments - amount deducted by a public entity) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 24-91-108 (2026).

Text

Any
amount deducted by a public entity, pursuant to law or the terms of a contract,
from the retained payments otherwise due to the contractor thereunder shall be
deducted first from that portion of the retained payments for which no acceptable
securities have been substituted and then from the proceeds of any deposited
acceptable securities, in which case, the contractor shall be entitled to receive the
interest, coupons, or income only from those acceptable securities which remain on
deposit after such amount has been deducted.

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Any
amount deducted by a public entity, pursuant to law or the terms of a contract,
from the retained payments otherwise due to the contractor thereunder shall be
deducted first from that portion of the retained payments for which no acceptable
securities have been substituted and then from the proceeds of any deposited
acceptable securities, in which case, the contractor shall be entitled to receive the
interest, coupons, or income only from those acceptable securities which remain on
deposit after such amount has been deducted.