§103D-708  Interest.  Interest on
amounts ultimately determined to be due to a contractor or the governmental
body shall be payable at the statutory rate applicable to judgments against the
State under chapter 662 from the date the governmental body receives notice of
the written claim through the date of decision or judgment, whichever is later;
except that if an action is initiated in circuit court pursuant to section
103D-711, interest under this section shall only be calculated until the time
such action is initiated. [L Sp 1993, c 8, pt of §2; am L 1999, c 162, §6]