Prompt Payment and Construction Lien Act s. 24.1

(1) Subject to subsection (2), an owner must make a payment
of the amount retained under section 18(1), (1.1) or (1.2), 21 or
23(1), (1.1) or (1.2).
(2) Subsection (1) applies if the following conditions are met:
(a) the contract provides
RSA 2000

PROMPT PAYMENT
(i) for a completion schedule that is longer than one year
and for the payment of accrued amounts under
section 18(1), (1.1) or (1.2) or 23(1), (1.1) or (1.2) on
an annual basis, or
(ii) for the payment of amounts accrued under section
18(1), (1.1) or (1.2) or 23(1), (1.1) or (1.2) on a
phased basis specified in the contract;
(b) the contract price at the tim e the contract is entered into
exceeds the prescribed amount;
(c) as of the payment date, as may be applicable under clause
(a)(i) or (ii),
(i) there are no liens filed in respect of the contract, or
(ii) all liens filed in respect of the contract have been
satisfied, discharged or otherwise provided for under
this Act;
(d) any other conditions as may be prescribed.
2020 c30 s10

CPA Condominium Property Act

24.1 Payment of amount retained under sections 18, 21 and 23