Section 14-26-8-48 - Verified bill; partial payment; full payment(a) A payment may not be made for work done under this chapter until a verified bill has been:(1) presented to the surveyor;(2) approved by the surveyor;(3) filed with the auditor; and(4) allowed by the commissioners.(b) A partial payment may not be made to a contractor that exceeds seventy-five percent (75%) of the cost of the improvement.(c) Full payment may not be made until: (1) sixty-one (61) days after the completion and acceptance of the work; and(2) after the contractor has filed with the surveyor an affidavit that all bills for labor, other service, or materials that have been used in the construction of or incorporated in the work have been paid in full.Pre-1995 Recodification Citation: 13-2-18-17 part.
As added by P.L. 1-1995, SEC.19.