Texas § PR.53.101 - FUNDS REQUIRED TO BE RESERVED

Full text of Texas The Texas Constitution § PR.53.101 — FUNDS REQUIRED TO BE RESERVED, with citation guidance and answers to common questions.

§ PR.53.101. FUNDS REQUIRED TO BE RESERVED

FUNDS REQUIRED TO BE RESERVED. (a) During the progress of work under an original contract for which a mechanic's lien may be claimed and for 30 days after the work under the contract is completed, the owner shall reserve: (1) 10 percent of the contract price of the work to the owner; or (2) 10 percent of the value of the work, measured by the proportion that the work done bears to the work to be done, using the contract price or, if there is no contract price, using the reasonable value of the completed work. (b) In this section, "owner" includes the owner's agent, trustee, or receiver. Acts 1983, 68th Leg., p. 3545, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1989, 71st Leg., ch. 1138, Sec. 15, eff. Sept. 1, 1989. Amended by: Acts 2021, 87th Leg., R.S., Ch. 690 (H.B. 2237 ), Sec. 18, eff. January 1, 2022.

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Frequently Asked Questions About Texas § PR.53.101

What does The Texas Constitution § PR.53.101 cover?

Section PR.53.101 ("FUNDS REQUIRED TO BE RESERVED") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § PR.53.101?

A common citation format is "The Texas Constitution § PR.53.101" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § PR.53.101 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.