Utah Code § 63G-6a-1910

Current through the 2024 Fourth Special Session
Section 63G-6a-1910 - Interest rates
(1) In controversies between a procurement unit and a contractor under this chapter, interest on amounts ultimately determined to be due to a contractor or the procurement unit are payable at the rate applicable to judgments from the date the claim arose through the date of decision or judgment, whichever is later.
(2) Unless otherwise specified in a lawful contract between a procurement unit and the person making a bond claim against the procurement unit, the interest rate applicable to the bond claim is the rate described in Subsection 15-1-1(2).
(3) This section does not apply to public assistance benefits programs.

Utah Code § 63G-6a-1910

Amended by Chapter 196, 2014 General Session ,§ 69, eff. 3/29/2014.
Amended by Chapter 445, 2013 General Session ,§ 96, eff. 5/1/2013.
Amended by Chapter 347, 2012 General Session ,§ 244, eff. 5/1/2013.
Renumbered from § 63G-6-820 and amended by Chapter 347, 2012 General Session ,§ 192, eff. 5/1/2013.
Renumbered and Amended by Chapter 382, 2008 General Session