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78R5140 MTB-D
By: Ogden S.B. No. 1081
A BILL TO BE ENTITLED
AN ACT
relating to the partial payment of contractors on highway projects.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 223.009, Transportation Code, is amended
to read as follows:
Sec. 223.009. PARTIAL PAYMENT. A contract may provide for
partial payments to the contractor. The aggregate amount of
payments at any time may not exceed 75 [95] percent of the value of
the work done.
SECTION 2. (a) The changes in law made by this Act to the
Texas Department of Transportation's contract procedures apply
only to a highway project for which the department first solicits
bids on or after September 1, 2003.
(b) A highway project for which the Texas Department of
Transportation first solicited bids before September 1, 2003, is
governed by the law as it existed immediately before the effective
date of this Act, and that law is continued in effect for that
purpose.
SECTION 3. This Act takes effect September 1, 2003.