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To help ensure subs and suppliers get paid for labor or materials provided to a project, some states have enacted construction trust fund statutes.
by Alex Benarroche
Mar 22, 2019
Construction Trust Fund Statutes | An Overview
Given the nature of the industry, subcontractors have to rely on GCs to properly manage their money before the release of funds...
by Nate Budde
Apr 30, 2019
Texas Construction Trust Fund Act: All You Need to Know
While a civil cause of action for beneficiaries related to a trustees misapplication of funds is not specifically contemplated by the Act,...
Colorado Construction Trust Fund Statute
by Alex Benarroche
Aug 29, 2019
Colorado Construction Trust Fund Statute Requirements
The Michigan construction trust fund statute was enacted to protect lower tier project participants from the misappropriation of payments made on a project.
by Alex Benarroche
Jul 01, 2019
Michigan Construction Trust Fund Statute Requirements
New York Construction Trust Fund
by Alex Benarroche
Sep 19, 2019
New York Construction Trust Fund Requirements

Recent posts on Construction Trust Fund

OKlahoma Construction Trust Fund
by Alex Benarroche
Sep 25, 2019
Oklahoma Construction Trust Fund Statute Requirements
New Jersey Construction Trust Fund
by Alex Benarroche
Sep 17, 2019
New Jersey Construction Trust Fund Statute | Public Project Requirements
There is no specific Georgia construction trust fund statute, but there are other provisions that impose civil and criminal liability for misappropriated project payments.
by Alex Benarroche
Jun 13, 2019
Does Georgia Have a Construction Trust Fund Statute?
California-Trust-Fund-Statute
by Alex Benarroche
May 28, 2019
Does California Have a Construction Trust Fund Statute?
Many states have enacted construction trust fund statutes to protect payments for lower-tier project participants. Despite Florida not having a trust fund statute, there are some similar trust obligations and requirements that are applied to insurance proceeds on private projects.
by Alex Benarroche
May 24, 2019
Does Florida Have a Construction Trust Fund Statute?
by Alex Benarroche
May 24, 2019
Arizona Construction Trust Fund Statute Requirements