All contractors, who have been awarded contracts for public works by an awarding agency or authority of the state or of any city, town, committee, or by any person or persons therein, in which state or municipal funds are used and of which the contract price shall be in excess of one thousand dollars ($1,000), whether payable at the time of the signing of the contract or at a later date, and their subcontractors, on those public works shall pay their employees at weekly intervals and shall comply with the provisions set forth in §§ 37-13-4 — 37-13-14 and § 37-13-16.
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