Indiana § 14-26-8-48 Verified bill; partial payment; full payment

Indiana Statutes

§ 14-26-8-48 — Verified bill; partial payment; full payment

Indiana·Art. 26 LAKES AND RESERVOIRS·Ch. 8 Lakes; Changes in Levels

(a)A payment may not be made for work done under this chapter until a verified bill has been:

(1)presented to the surveyor;

(2)approved by the surveyor;

(3)filed with the auditor; and

(4)allowed by the commissioners.

(b)A partial payment may not be made to a contractor that exceeds seventy-five percent (75%) of the cost of the improvement.

(c)Full payment may not be made until:

(1)sixty-one (61) days after the completion and acceptance of the work; and

(2)after the contractor has filed with the surveyor an affidavit that all bills for labor, other service, or materials that have been used in the construction of or incorporated in the work have been paid in full. [Pre-1995 Recodification Citation: 13-2-18-17 part.]

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(a) A payment may not be made for work
done under this chapter until a verified bill has been:
(1) presented to the surveyor;
(2) approved by the surveyor;
(3) filed with the auditor; and
(4) allowed by the commissioners.
(b) A partial payment may not be made to a contractor that exceeds
seventy-five percent (75%) of the cost of the improvement.
(c) Full payment may not be made until:
(1) sixty-one (61) days after the completion and acceptance of the
work; and
(2) after the contractor has filed with the surveyor an affidavit that
all bills for labor, other service, or materials that have been used
in the construction of or incorporated in the work have been paid
in full.
[Pre-1995 Recodification Citation: 13-2-18-17 part.]

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