Iowa Code § 573.13
Inviolability and disposition of fund
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2026
As of January 1, 2012
A public corporation shall not be permitted to plead noncompliance with section 573.12 and the retained percentage of the contract price, which in no case shall be more than five percent, constitutes a fund for the payment of claims for materials furnished and labor performed on the improvement and shall be held and disposed of by the public corporation as provided in this chapter.
A public corporation shall not be permitted to plead noncompliance with section 573.12 and the retained percentage of the contract price, which in no case shall be more than three percent, constitutes a fund for the payment of claims for materials furnished and labor performed on the improvement and shall be held and disposed of by the public corporation as provided in this chapter.
90 Acts, ch 1229, §3
90 Acts, ch 1229, §3; 2025 Acts, ch 29, §2
Referred to in
Section amended
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.