Bill > HB2496

This bill amends Arizona law regarding revitalization districts, which are areas designated for improvement and development. Specifically, it adds new requirements for construction contracts entered into by these districts. These new provisions mandate that construction contracts must include clauses allowing contractors to suspend or terminate their work if the district fails to make timely payments for approved work, with specific notice periods required. Similarly, subcontractors are granted rights to suspend or terminate their contracts under certain conditions related to non-payment by the district or the general contractor. The bill also allows contractors and subcontractors to cease work until they are paid for certified amounts and any costs incurred due to project shutdowns, and requires that the prevailing party in any legal action to enforce these rights be awarded reasonable attorney fees and costs. Finally, it clarifies how written notices under these provisions are considered delivered. These changes apply to construction contracts executed after the bill becomes law.

Business and Industry

https://apps.azleg.gov/BillStatus/BillOverview/84273