Utah Admin. Code R131-4-820 - Interest Rate
The board recognizes Section 63G-6-820 as being applicable and therefore:
(1)
Except as provided in (2) below, in controversies between the board, including
the executive director, and contractors under
R131-4-801 through
R131-4-820, interest on amounts ultimately determined to be due to a contractor
or to the board and the state are payable at the rate applicable to judgments
from the date the claim arose through the date of decision or judgment,
whichever is later.
(2) This rule
does not apply to public assistance benefits programs.
Notes
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