as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to state contracts; modifying retainage 1.3 payment options; amending Minnesota Statutes 1996, 1.4 section 15.73, subdivision 1. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. Minnesota Statutes 1996, section 15.73, 1.7 subdivision 1, is amended to read: 1.8 Subdivision 1. At the option of the contractor, with the 1.9 concurrence of the public contracting agency, retainage shall be 1.10 paid to the contractor in accordance with this section.