573.18 Adjudication — payment of claims. 1. The court shall adjudicate all claims for which an action is filed under section 573.16. Payments from the retained percentage, if still in the hands of the public corporation, shallbe made in the following order: a. Costs of the action.b. Claims for labor.c. Claims for materials.d. Claims of the public corporation.2. Upon settlement or adjudication of a claim and after judgment is entered, unpaid funds retained with respect to the claim which are not necessary to satisfy the judgment shall bereleased and paid to the contractor within twenty days of receipt by the public corporation ofevidence of entry of judgment or settlement of the claim. Failure to make payment by that dateshall cause interest to accrue on the unpaid amount. Interest shall accrue during the periodcommencing on the twenty-first day after receipt by the public corporation of evidence ofentry of judgment and ending on the date of payment. The rate of interest shall be determinedas set forth in section 573.14. [C24, 27, 31, 35, 39, §10315; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §573.18]91 Acts, ch 148, §4; 2013 Acts, ch 30, §261Referred to in §573.15A, 573.19 rminedas set forth in section 573.14. [C24, 27, 31, 35, 39, §10315; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §573.18]91 Acts, ch 148, §4; 2013 Acts, ch 30, §261Referred to in §573.15A, 573.19 Sat Dec 23 11:08:09 2023 Iowa Code 2024, Section 573.18 (17, 0)
Iowa Legal Code