SB171 Alabama 2011 Session

This bill would prohibit the waiver of payment within 30 days after the completion of a public contract and would provide for interest of one percent to be added on any dollar amount approved and unpaid for each month or fraction thereof until final payment is made

This bill would require certification and proof of certification of the availability of funds to remit payment once the party to the contract has fully executed the responsibility under the contract

This bill would provide that in any civil action, the owner, the contractor, or sub-contractor in whose favor a judgment is rendered would be entitled to recover attorneys' fees and court costs

To amend Section 41-16-3 of the Code of Alabama 1975, relating to timely execution of state contracts; to prohibit waiver of payment within 30 days; to provide for interest of one percent to be added on any dollar amount approved and unpaid; to require certification and proof of certification of the availability of funds; and to provide for the payment of attorneys' fees and court costs.