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Builders trust fund payments: a defense to preference exposure.(credit column)
In certain states, suppliers of goods and services for construction projects are the beneficiaries of builders or construction trust fund rights. These states impose a trust on the sums payable by either the project owner to a general contractor, or a general contractor to a subcontractor, for the benefit of their suppliers of material and labor. This trust usually arises without the necessity for any notice or filing that would otherwise be a prerequisite for the creation and perfection of mechanic's lien rights. These state law builders or construction trust fund rights are intended to enhance suppliers' ability to obtain payment of their claims from a ...
- Check trust fund statutes.
- Magazine article from: Business Credit Flinn, Robert F. Chestnut, Mark D. November 1, 1992 700+ words
...many states, however, construction trust fund statutes supplement the...mechanic's lien statutes. Construction trust fund (CTF) statutes typically...Statutes Of related interest to construction trust fund statutes are "stop notice...
- Trust fund liability.(Commentary)
- Magazine article from: Arkansas Business Deininger, Neil Kozij, Stan July 13, 2009 700+ words
...is delaying the payment of taxes, specifically trust fund taxes. Trust fund taxes are among the largest portions of the taxes collected by state and federal governments. Trust fund taxes are taxes paid by, or for, someone else...
- MEDICARE TRUST FUND AILING : MEDICARE GETS BAD PROGNOSIS.(News)
- Newspaper article from: Daily News (Los Angeles, CA) April 23, 1996 700+ words
...Times Medicare's Hospital Insurance Trust Fund lost $4.2 billion in the first half...administration officials last year. The trust fund, which pays hospital bills for the elderly...1995 through March of this year, the trust fund spent $60.5 billion and took in...
- MEDICARE TRUST FUND SHOWS RISING LOSSES.(News)
- Newspaper article from: Seattle Post-Intelligencer (Seattle, WA) April 23, 1996 700+ words
Medicare's Hospital Insurance Trust Fund lost $4.2 billion in the first half...administration officials last year. The trust fund, which pays hospital bills for the elderly...1995 through March of this year, the trust fund spent $60.5 billion and took in...
- SOCIAL SECURITY TRUST FUND RESTS ON HOLLOW PROMISES.(Editorial)(Editorial)
- Newspaper article from: Daily News (Los Angeles, CA) June 17, 1997 700+ words
...proof'' is that the Social Security Trust Fund, now at about $600 billion and growing...Unfortunately, however, the Social Security Trust Fund is a fraud. There is, in fact, no...result, a positive current balance in the trust fund provides no real assurance of the future...
- Governor's plan for trust fund raises concerns in N.J. legislature.(Christine...
- Magazine article from: The Bond Buyer Hanson, Joyce March 23, 1995 700+ words
...they want to renew the state's Transportation Trust Fund, but several key lawmakers say they are unsure...Republican governor's proposal to pay for the trust fund. The trust fund, which finances state road construction, is slowly...
- Airport and Airway Trust Fund: Financial Outlook Is Positive, but the Trust...
- General Accounting Office Reports & Testimony October 1, 2003 700+ words
...2003 The multibillion dollar Airport and Airway Trust Fund (Trust Fund) provides most of the funding for the Federal Aviation Administration (FAA). The Trust Fund relies on revenue from 10 taxes, including passenger...
- Dealers Face Risks When Dipping Into Trust Fund Taxes.
- Magazine article from: Art Business News WEATHERINGTON, RICHARD October 1, 2000 700+ words
...account for and pay your employee's trust fund taxes can result in harsh consequences...affords no protection in the case of trust fund taxes. A responsible person can be held...gets caught with his/her hand in the "trust fund" tax jar the results can be far worse...
