California Freezes Funds for Public Projects
On December 23, 2008
By Scott Wolfe Jr
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The San Diego Union-Tribune reports that with the state nearly broke, California has frozen nearly $4 billion worth of loans for public building projects. The unprecedented move is expected to halt construction all over the state – and inevitably, leave contractors, subcontractors and suppliers bickering with one another about outstanding payments and work.
With an estimated more than 200,000 works affected by the funding freeze, it’s likely that even California laborers will find themselves with claims for unpaid wages.
If you and your company are working on a public project affected by this spending freeze, you will want to file a Stop Notice to preserve your rights to Get Paid for work performed.
A full list of affected projects is available here: http://www.signonsandiego.com/news/state/images/081217pmib_impact.pdf
Related posts:
- Filing Your Public Works Lien!
- The Public Works Act: Promoting Capitalism?
- Important California Lien Forms – FREE
- Don’t Delay Filing California Liens: County Recorder Backlogs
- California Preliminary Notice
About the Author: Scott Wolfe Jr
Scott is the founder of Zlien, a nationwide mechanics lien and preliminary notice filing service. Zlien publishes the Construction Lien Blog, and has done so since 2007. Scott has been a leading contributor and author on the blog since it's initial publication. Scott is also the founder of Wolfe Law Group, a construction law firm that practices along the West Coast and in Louisiana. He lives in New Orleans, LA, where he was born and raised.
[...] month, we reported problems in California where the government’s spending freeze affected thousands of public construction projects, [...]