By: Wilson H.B. No. 2476 73R6788 T A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the payment of subcontractors by a contractor. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Chapter 35, Texas Business & Commerce Code, is 1-5 amended by adding Section 35.56 to read as follows: 1-6 Sec. 35.56. PAYMENT. (a) Any provision of a contract, 1-7 agreement or understanding whereby payment from an original 1-8 contractor to a subcontractor is conditioned upon receipt of such 1-9 payment from any other party including a private or public owner, 1-10 is void and against public policy. 1-11 (b) Definition. 1-12 In this section: 1-13 The term "original contractor" shall have the same 1-14 meaning as that term is defined in Section 53.001(7), Subchapter A, 1-15 Property Code, V.A.C.S. 1-16 The term "subcontractor" shall have the same meaning as 1-17 that term is defined in Section 53.001(10), Subchapter A, Property 1-18 Code, V.A.C.S. 1-19 SECTION 2. This act applies only to payment due after the 1-20 effective date of this Act. 1-21 SECTION 3. This Act takes effect September 1, 1993. 1-22 SECTION 4. The importance of this legislation and the 1-23 crowded condition of the calendars in both houses create an 1-24 emergency and an imperative public necessity that the 2-1 constitutional rule requiring bills to be read on three several 2-2 days in each house be suspended, and this rule is hereby suspended.