00                            HOUSE BILL NO. 253                                                                          
01 "An Act relating to the time periods affecting certain liens related to providing labor,                                
02 material, service, or equipment to real property, including buildings and other                                         
03 improvements."                                                                                                          
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1. AS 34.35.068(a) is amended to read:                                                                   
06            (a)  If a notice of completion is not recorded by the owner as provided in                                   
07       AS 34.35.071, a claim of lien shall be recorded not later than 120 [90] days after the                        
08       claimant                                                                                                          
09                 (1)  completes the construction contract; or                                                            
10                 (2)  ceases to furnish labor, material, services, or equipment for the                                  
11       construction, alteration, or repair of the owner's property.                                                      
12    * Sec. 2. AS 34.35.090 is amended to read:                                                                         
13            Sec. 34.35.090. Payment to contractor. A payment by the owner of a building                                
14       or structure to a prime contractor or subcontractor, made before 120 [90] days from                           

01       the completion of the building, is not valid to defeat or discharge a lien created by                             
02       AS 34.35.050 - 34.35.120 in favor of other claimants, unless the payment is                                       
03       distributed among the other claimants. If a payment is distributed in part only, then the                         
04       payment is valid only to the extent it is distributed.                                                            
05    * Sec. 3. The uncodified law of the State of Alaska is amended by adding a new section to                          
06 read:                                                                                                                   
07       APPLICABILITY. The amended time period provided by AS 34.35.068(a), as                                            
08 amended by sec. 1 of this Act, and AS 34.35.090, as amended by sec. 2 of this Act, applies to                           
09 a lien for labor, material, service, or equipment if the labor, material, service, or equipment is                      
10 furnished to a project, as that term is defined in AS 34.35.120, on or after the effective date of                      
11 this Act.