ID H0236

Allows cooperative service agencies to commence physical construction before collecting 100% of estimated construction costs, provided specific language is included in bidding instructions.

Requires bidding language to notify contractors of the funding method and schedule, and that payment may be delayed up to 3 years if funds are not collected according to schedule.

Requires bidding language stating the cooperative service agency accepts no liability and will pay no interest on unpaid balances.

Requires bidding language stating that if inability to pay occurs after 50% project completion, the contractor must complete the project regardless of payment status; if before 50% completion, contractor may suspend work without compensation until funding becomes available.