The bill amends Section 573.16 of the Iowa Code to establish new notice requirements for public improvement contracts. Specifically, it mandates that within fourteen calendar days following the final acceptance of a public improvement, the public corporation must provide written notification of this acceptance to the principal contractor, the surety on any performance bond, and any claimants for labor or materials who have filed a claim. This change aims to ensure that all relevant parties are promptly informed of the project's completion.

Additionally, the bill includes a provision that protects the public corporation from liability for any claims or damages that may arise from its failure to comply with the new notification requirement. This means that if the public corporation does not send the required notification within the specified timeframe, it cannot be held responsible for any resulting issues. Overall, the bill seeks to clarify the responsibilities of public corporations in relation to public improvement contracts and enhance communication with contractors and claimants.

Statutes affected:
Introduced: 573.16