Sec. 2251.022. TIME FOR PAYMENT BY VENDOR. (a) A vendor who receives a payment from a governmental entity shall pay a subcontractor the appropriate share of the payment not later than the 10th day after the date the vendor receives the payment.
(b) The appropriate share is overdue on the 11th day after the date the vendor receives the payment.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Structure Texas Statutes
Subtitle F - State and Local Contracts and Fund Management
Chapter 2251 - Payment for Goods and Services
Subchapter B. Payments and Interest
Section 2251.021. Time for Payment by Governmental Entity
Section 2251.022. Time for Payment by Vendor
Section 2251.023. Time for Payment by Subcontractor
Section 2251.024. Mailing of Payment
Section 2251.025. Interest on Overdue Payment
Section 2251.026. Payment of Interest by State Agency
Section 2251.027. Payment of Interest by Political Subdivision
Section 2251.028. Payment of Interest by Vendor or Subcontractor