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A BILL TO BE ENTITLED
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AN ACT
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relating to payments to contractors in connection with highway |
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projects of the Texas Department of Transportation. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 223.009, Transportation Code, is amended |
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to read as follows: |
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Sec. 223.009. PARTIAL PAYMENT. A contract may provide for |
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partial payments to the contractor. [The aggregate amount of
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payments at any time may not exceed 95 percent of the value of the
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work done.] |
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SECTION 2. Section 223.010(a), Transportation Code, is |
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amended to read as follows: |
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(a) The department may retain a percentage [Five percent] of |
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the contract price [shall be retained] until the entire improvement |
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has been completed and accepted[, except as provided by Subsections
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(h) and (i)]. |
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SECTION 3. Sections 223.010(h) and (i), and Section |
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223.011, Transportation Code, are repealed. |
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SECTION 4. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2007. |