Utah § 63G-6a-1910 Interest rates.

Utah Statutes

§ 63G-6a-1910 — Interest rates.

Utah·Title 63G General Government·Ch. 63G-6a Utah Procurement Code·Part 63G-6a-19 General Provisions Related to Protest or Appeal

(1)In controversies between a procurement unit and a contractor under this chapter, interest on amounts ultimately determined to be due to a contractor or the procurement unit are payable at the rate applicable to judgments from the date the claim arose through the date of decision or judgment, whichever is later.

(2)Unless otherwise specified in a lawful contract between a procurement unit and the person making a bond claim against the procurement unit, the interest rate applicable to the bond claim is the rate described in Subsection 15-1-1(2).

(3)This section does not apply to public assistance benefits programs.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) In controversies between a procurement unit and a contractor under this chapter, interest on amounts ultimately determined to be due to a contractor or the procurement unit are payable at the rate applicable to judgments from the date the claim arose through the date of decision or judgment, whichever is later.
(2) Unless otherwise specified in a lawful contract between a procurement unit and the person making a bond claim against the procurement unit, the interest rate applicable to the bond claim is the rate described in Subsection 15-1-1(2).
(3) This section does not apply to public assistance benefits programs.

Utah § 63G-6a-1910 (Interest rates.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.