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House Bill 1397

House Bill 1397

ARCHIVE (2003)

Latest Information

DIGEST OF HB1397 (Updated April 1, 2003 4:33 PM - DI 84)

Local public works projects. Gives a public works contractor discretion to have the board that contracts for the public work: (1) hold the retainage; or (2) place the retainage in an escrow account. Provides that the board is not required to pay interest on the retainage that the board holds.
Current Status:
Law Enacted
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