Texas Government Code 2251.023 – Time for Payment by Subcontractor
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(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.
Terms Used In Texas Government Code 2251.023
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005