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Study lien laws and other relationships involved in construction
contracts, including hold harmless agreements, mechanics' and
materialmen's liens, loan documentation, lien releases, prompt
pay, pay-if-paid and builder licensure.
The Committee on Business and Industry was asked to address problems
in the residential construction industry. Problems include: using
funds from one project to finance another; failing to adhere to
draw schedules; abandoning the construction of a residence under
contract; and failure for contractors to pay subcontractors-forcing
the subcontractors to place liens on the homeowner.
Study issues relating to the public support of sports facilities
for economic development.
Significant competition for sports franchises has led to a proliferation
of proposed new stadium and arena financing throughout the United
States and Canada. The focus on building new sports facilities
is taking place in the context of constrained budgets and competing