Sec. 7807.109. CONSTRUCTION CONTRACTS: PAYMENT. (a) A contract under Section 7807.107 may be paid for in partial payments as the work progresses, based on estimates approved by the district's engineer.
(b) The payments may not exceed 90 percent of the amount due at the time of such payments as shown by approved estimates, except that on certification by the district's engineer that the project is substantially complete, the board may authorize payment of not to exceed 95 percent of the amount due at the time of such certification before the acceptance of the job and the certificate of completion of the job.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.02, eff. April 1, 2013.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle E - Levee Improvement Districts
Chapter 7807 - Valwood Improvement Authority of Dallas County, Texas
Subchapter C. Powers and Duties
Section 7807.101. Levee Improvement District Powers
Section 7807.102. Exclusion or Annexation of Land
Section 7807.103. Eminent Domain
Section 7807.104. Cost of Relocating or Altering Property
Section 7807.105. Contracts for Facilities and Improvements; Election Not Required
Section 7807.106. Construction Contracts: Municipal Approval Required
Section 7807.107. Construction Contracts: Award
Section 7807.108. Construction Contracts: Execution and Availability
Section 7807.109. Construction Contracts: Payment
Section 7807.110. Flood Hazard Areas