This bill amends Section 573.16 of the Iowa Code, which pertains to public improvement contracts. It introduces a requirement for public corporations to send written notification of the final acceptance of a public improvement to the principal contractor, the surety on any performance bond, and any claimants for labor or materials who have filed a claim. This notification must be sent no later than fourteen calendar days after the final acceptance of the improvement.

Additionally, the bill clarifies that the public corporation will not be liable for any claims or damages arising from its failure to comply with this notification requirement. This change aims to enhance communication regarding the status of public improvement contracts and to establish clear timelines for notification, thereby protecting the interests of all parties involved in such contracts.

Statutes affected:
Introduced: 573.16