Iowa Code » Chapter 573 — LABOR AND MATERIAL ON PUBLIC IMPROVEMENTS
Iowa Code

Iowa Code § 573.13 (2026)

Inviolability and disposition of fund

✓ current as of July 2026
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A public corporation shall not be permitted to plead noncompliance with section 573.12 and the retained percentage of the contract price, which in no case shall be more than three percent, constitutes a fund for the payment of claims for materials furnished and labor performed on the improvement and shall be held and disposed of by the public corporation as provided in this chapter. [S13, §1989-a57; C24, 27, 31, 35, 39, §10311; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §573.13] 90 Acts, ch 1229, §3; 2025 Acts, ch 29, §2 Referred to in §573.14, 573.15A Section amended

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Notes of Decisions
Cited in 4 cases (2 in the last 5 years), 2014–2024 · leading case: Star Equip., Ltd. v. State of Iowa, Iowa Dep't of Transp., 843 N.W.2d 446 (Iowa 2014).
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Star Equip., Ltd. v. State of Iowa, Iowa Dep't of Transp., 843 N.W.2d 446 (Iowa 2014). · cites it 4× “Section 573.13 specifies that the retained amount “constitutes a fund for the payment of claims for materials furnished and labor performed.”
Rochon Corp. of Iowa, Inc. n/k/a Graphite Constr. Grp., Inc. v. Des Moines Area Cmty. Coll. (Iowa 2024). · cites it 3× “Iowa Code § 573.13 . After all of those claims are satisfied, the remainder of the retainage can be released to the contractor.”
Smith v. Iowa Ass'n of Cmty. Coll. Trs. (Iowa Ct. App. 2024). · cites it 2× “” Iowa Code § 573.13 ; see also Star Equip.”
Frank Baxter Gen. Contractor, Inc., Cross Claim & Third-Party Washington Cmty. Sch. Dist. & Db Acoustics, Inc., Cross Claim & Quincy Lighting & Home Ctr., Inc., F/K/A Heintz Elec. Co., Third-Party v. Washington Cmty. Sch. Dist., Travelers Cas. & Sur. Co. of Am., & Frank Baxter Gen. Contractor, Inc. (Iowa Ct. App. 2015). · cites it 2× “Within the filing, Baxter identified Quincy as a party having an interest in the section 573.13 fund and asked the district court to adjudicate all parties’ claims and ultimately allocate the funds.”
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