"Date of substantial completion" defined
Sec. 4. As used in this chapter, "date of substantial completion"
means the earlier of:
(1) the date upon which construction of an improvement to real
property is sufficiently completed under a contract of
construction, as modified by any additions, deletions, or other
amendments, so that the owner of the real property upon which
the improvement is constructed can occupy and use the
premises in the manner contemplated by the terms of the
contract; or
(2) the date of the first beneficial use of the improvement to real
property or of any portion of the improvement.
As added by P.L.2-2002, SEC.15.
Last modified: May 24, 2006