- Alaska Statutes.
- Title 36. Public Contracts
- Chapter 90. Miscellaneous Provisions
- Section 250. Retainage.
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. Form of Certain Notices.
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. Miscellaneous Provisions.
AS 36.90.250. Retainage.
- (a) The state or a political subdivision of the state shall pay to the prime contractor interest on retainage, including
warranty retainage, on a contract for public construction or public works at an interest rate that is equal to the
amount set out in AS 45.45.010
(a). Interest on retainage accrues from the date of approval of a pay request until the date of payment to the
- (b) A political subdivision that has a population of 500 or less is exempt from the payment of interest under (a) of this
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