SB1530 — Relating to the time period for which certain funds payable under a construction contract must be reserved for the benefit of mechanic's lien claimants.

SB1530 — Relating to the time period for which certain funds payable under a construction contract must be reserved for the benefit of mechanic's lien claimants. · Informed CitizenrySB 1530 amends the Property Code to modify the time period during which an owner must reserve funds for mechanic's lien claimants. Under the proposed changes, owners must reserve 10 percent of the…Open in Informed Citizenry