573.13 Inviolability and disposition of fund.
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.
[S13, §1989-a57; C24, 27, 31, 35, 39, §10311; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §573.13]
90 Acts, ch 1229, §3
Referred to in §573.14, 573.15A
Structure Iowa Code
Chapter 573 - LABOR AND MATERIAL ON PUBLIC IMPROVEMENTS
Section 573.2 - Public improvements — bond — waiver and remedies.
Section 573.3 - Bond mandatory.
Section 573.4 - Deposit in lieu of bond.
Section 573.5 - Amount of bond.
Section 573.6 - Subcontractors on public improvements.
Section 573.7 - Claims for material or labor.
Section 573.8 - Highway improvements.
Section 573.9 - Officer to endorse time of filing claim.
Section 573.10 - Time of filing claims.
Section 573.11 - Claims filed after action brought.
Section 573.12 - Payments and retention from payments on contracts.
Section 573.13 - Inviolability and disposition of fund.
Section 573.14 - Retention of unpaid funds.
Section 573.15 - Claim against retainage or bond.
Section 573.15A - Early release of retained funds.
Section 573.16 - Optional and mandatory actions — bond to release.
Section 573.18 - Adjudication — payment of claims.
Section 573.19 - Insufficiency of funds.
Section 573.20 - Converting property into money.
Section 573.21 - Attorney fees.
Section 573.22 - Unpaid claimants — judgment on bond.
Section 573.23 - Abandonment of public work — effect.
Section 573.24 - Notice of claims to state department of transportation.
Section 573.25 - Filing of claim — effect.
Section 573.26 - Public corporation — action on bond.