Utah Statutes
§ 58-55-602 — Payment of construction funds -- Interest.
Utah·Title 58 Occupations and Professions·Ch. 58-55 Utah Construction Trades Licensing Act·Part 58-55-6 Payment Provisions
(1)All unpaid construction funds are payable to the contractor as provided in Section 13-8-5.
(2)On projects involving multiple buildings, each building shall be considered individually in determining the amount to be paid the contractor.
(3)Partial occupancy of a building requires payment in direct proportion to the value of the part of the building occupied.
(4)If any payment is retained or withheld, it shall be retained or withheld and released as provided in Section 13-8-5.
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 58-55-602 (Payment of construction funds -- Interest.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 365, 1999 General Session
Nearby Sections
15
§ 58-1-102
Definitions.§ 58-1-105
Employment of staff.§ 58-1-108
Adjudicative proceedings.§ 58-1-109
Presiding officers -- Content of orders -- Recommended orders -- Final orders -- Appeal of orders.§ 58-1-112
Data collection.§ 58-1-301.3
Waiver of licensing fees.