Utah Code § 58-55-602
Payment of construction funds -- Interest
Redline — January 1, 2025 → current.View current text →
Current — January 1, 2027
As of January 1, 2025
(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.
(1)
(a) An individual commits a class A misdemeanor by violating:
(i) Section 58-55-503;
(ii) Section 58-55-504;
(iii) Subsections 58-55-601(1) through (7), (9), (10), and (12), (14)(e), or (21) through (24); or
(iv) failing to comply with a citation issued under this chapter.
(b) An individual who violates Subsection 58-55-601(8) may not receive or accept a contract to perform work or act as a qualifier.
(2)
(a) An individual commits an infraction by violating Subsection 58-55-601(13).
(b) An individual commits theft under Section 76-6-404 if the individual violates Subsection 58-55-601(13) and intends to deprive the payee of money owed.
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.