Sec. 2251.023. TIME FOR PAYMENT BY SUBCONTRACTOR. (a) A subcontractor who receives a payment from a vendor shall pay a person who supplies goods or a service for which the payment is made the appropriate share of the payment not later than the 10th day after the date the subcontractor receives the payment.
(b) The appropriate share is overdue on the 11th day after the date the subcontractor 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