HBA-NRS H.B. 3122 77(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 3122 By: Ritter Business & Industry 3/26/2001 Introduced BACKGROUND AND PURPOSE Currently, after an owner or a person authorized to act on behalf of an owner receives a written request from a contractor for properly performed work or suitably stored or specially fabricated materials, the owner is required to pay the contractor within 35 days after the owner receives the request. This can lead to delays in a contractor paying its subcontractors. House Bill 3122 shortens from 35 to 21 days the time that an owner has to pay a contractor for such services. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. ANALYSIS House Bill 3122 amends the Property Code to decrease from 35 to 21 days the time period which an owner is required to pay a contractor after receiving a request for payment for properly performed work or suitably stored or specially fabricated materials. EFFECTIVE DATE September 1, 2001.