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New Jersey Statutes, Title: 18A, EDUCATION
Chapter 18a:
Section: 18A:18a-40.1: Partial payments.
1. Any contract, the total price of which exceeds $100,000.00, entered into by a board of education involving the construction, reconstruction, alteration, repair or maintenance of any building, structure, facility or other improvement to real property, shall provide for partial payments to be made at least once each month as the work progresses, unless the contractor shall agree to deposit bonds with the board of education pursuant to section 2 of P.L.1987, c.343 (C.18A:18A-40.2).
L.1987,c.343,s.1; amended 1999, c.440, s.75.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 18a:18a-40.1 (if available):
Court decisions that cite this statute:
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