§ 92519 Bond Revenue Lien Protection

• •If someone builds or fixes something for a big project (like a school or hospital), they must be paid for their work and supplies.
• •If they don’t get paid, they could put a legal claim on the project’s money or property to get their money back.
• •The people in charge (like the regents) must make sure everyone gets paid so no one can take the project’s money or property.

A company builds a new library for a university but doesn’t get paid for the bricks and labor.

The university must pay the company so the company can’t take the library’s money or property to get their payment.