16-6-703. Public work; completion by public entity; partial payments.
If it becomes necessary for a public entity to take over the completion of any public work, all of the amounts owing the contractor, including any payment retained under W.S. 16-6-702(b), shall first be applied toward the cost of completion of the public work. Any balance of the retained payment remaining after completion of the public work by the public entity shall be payable to the contractor or the contractor's creditors. The retained payment which may be due any contractor shall be due and payable as prescribed by W.S. 16-6-116(a).