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
About the Author: Scott Wolfe Jr
A construction attorney and entrepreneur. Scott is a native of New Orleans, Louisiana, obtaining his J.D. degree from Loyola University of New Orleans, and his B.A. from Southern Methodist University in Dallas, TX. In 2006, 2007 and 2008 New Orleans City Business magazine named Scott Wolfe, Jr. as one the 50 Leaders in Law. The son and grandson of general contractors, Scott Wolfe, Jr. is a construction litigator in Louisiana and Washington, and the founding member of the bi-coastal firm, Wolfe Law Group. Scott is also the founder and CEO of Express Lien, Inc., a legal document preparation service for contractors. In 2008, City Business Magazine recognized Scott as one of its Innovators of the Year for the Express Lien concept. Scott is also the founder and CEO of The Web Lab, InCharge Technology, Blog No Evil, Inc., Publius, Inc. and Two Cities Publishing, LLC.
[...] month, we reported problems in California where the government’s spending freeze affected thousands of public construction projects, [...]