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Payment of Retainage with “conditions attached” Deemed Non-Payment

Best Practices Construction Law

The Supreme Court of Vermont recently held that the conditions attached to a contractor’s payment of retainage to a subcontractor violated the state’s Prompt Pay Act. In the same letter as its refusal, the contractor said it would release the retainage payment “which was pending receipt of a Waiver of Lien.

Vermont 54
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State by State Incentives Guide

Buisness Facilities Contributed Content

A business that applies for the exemption must enter into an agreement with the Governor of Alabama. The business must sign a job-creation agreement under the Advantage Arkansas program within 24 months of signing the Tax Back agreement. Must expand its labor force, make new capital investment, or prevent loss of employment.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The business must sign a job-creation agreement under the Advantage Arkansas program within 24 months of signing the Tax Back agreement. New, full-time, permanent employees must be hired within 24 months of the date the financial agreement is signed. Borrowers inject 10 percent in the form of cash or equity in real estate.

Income 75