Connecticut General Statutes 13a-96 – Payment to contractor under highway contract
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The commissioner shall pay any sum due any contractor under any contract awarded by him not later than sixty days after its completion and acceptance. After such sixty-day period, interest shall begin to run in favor of the contractor at the rate of six per cent per annum on the unpaid balance.
Terms Used In Connecticut General Statutes 13a-96
- Commissioner: means the Commissioner of Transportation and includes each successor in office or authority. See Connecticut General Statutes 13a-1
- Contract: A legal written agreement that becomes binding when signed.