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DIGEST OF HB1246 (Updated January 30, 2002 2:30 PM - DI 84)
Local public works projects. Gives a public works contractor discretion to have the board that contracts for the public work to: (1) hold the retainage; or (2) place the retainage in an escrow account. Provides that the board shall not be required to pay interest on the retainage that the board holds.
