Colorado § 24-91-109 Retained payments - disbursement

Colorado Statutes

§ 24-91-109 — Retained payments - disbursement

Colorado·Title 24 Government·Art. Construction Contracts with Public Entities

All retained payments and
interest thereon disbursed to any contractor under any contract with a public entity
covered under this article shall be disbursed to each subcontractor by the
contractor. The disbursement of such retained payments and interest shall be in
proportion to the respective amounts of retained payments, if any, which the
contractor theretofore has withheld from his subcontractors if the subcontractor
has performed under his contract with the contractor.

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All retained payments and
interest thereon disbursed to any contractor under any contract with a public entity
covered under this article shall be disbursed to each subcontractor by the
contractor. The disbursement of such retained payments and interest shall be in
proportion to the respective amounts of retained payments, if any, which the
contractor theretofore has withheld from his subcontractors if the subcontractor
has performed under his contract with the contractor.

Colorado § 24-91-109 (Retained payments - disbursement) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.