The commissioner shall pay any sum due any contractor under any contract awarded by him not later than sixty days after its completion and acceptance. After such sixty-day period, interest shall begin to run in favor of the contractor at the rate of six per cent per annum on the unpaid balance.
(1953, S. 1187d; 1958 Rev., S. 13-70; 1963, P.A. 226, S. 96.)
History: 1963 act replaced previous provisions: See title history.
Cited. 217 C. 281.