Payment of construction funds -- Interest.

  1. Law
  2. Utah Code
  3. Occupations and Professions
  4. Utah Construction Trades Licensing Act
  5. Payment Provisions
  6. Payment of construction funds -- Interest.

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  • (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.




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