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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A construction contract may be paid for in partial payments as the work progresses, based on estimates approved by the district's engineer.
(b) The payments may not exceed 90 percent of the amount due at the time of the payments as shown by the approved estimates, except that the final approved estimate, including all prior retainage, must be paid in full. (Acts 62nd Leg., R.S., Ch. 135, Sec. 15 (part).)
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 7803.108. Construction Contracts: Payment - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-7803-108/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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