RCW 60.28.011
Intent-Recognition- 2011 c 231 : "The legislature recognizes that federal regulations include requirements that pertain to contracts funded by federal-aid highway funds. One such requirement is that states must ensure that prime contractors pay subcontractors in full by no later than thirty days after the subcontractor's work is satisfactorily completed. One option for meeting this requirement is to decline to hold retainage from prime contractors. The legislature also recognizes that retainage is currently used to ensure that claims against the contractor are resolved in a timely manner. The legislature intends that the contract bond provided by sureties on behalf of general contractors provides adequate security for claimants under the bond." [2011 c 231 s 1.]
Report- 2009 c 432 : See RCW 18.27.800.
Part headings and captions not law-Effective dates-Severability-2007 c 494: See RCW 39.10.903 through 39.10.905.
Intent-Finding-2007 c 218: See note following RCW 41.08.020.
Effective date-1992 c 223: See note following RCW 39.76.011.
Waiver of rights, construction-Application-1992 c 223: See RCW 39.04.900 and 39.04.901.