Section 375.108 - Release of Retainage(a) Retainage. The Applicant will withhold a minimum of five percent of each progress payment throughout the course of the construction contract.(b) Full release of retainage. The executive administrator will approve the full release of retainage on a contract when: (1) the Applicant's engineer approves the contractor's request for release of retainage;(2) the Applicant's governing body approves the release of retainage; and(3) the executive administrator issues the Certificate of Approval.(c) Partial release of retainage. If a project is substantially complete, the executive administrator may approve a partial release of retainage.31 Tex. Admin. Code § 375.108
The provisions of this §375.108 adopted to be effective September 8, 2010, 35 TexReg 8126; amended to be effective July 30, 2012, 37 TexReg 5615; Amended by Texas Register, Volume 41, Number 27, July 1, 2016, TexReg 4859, eff. 7/4/2016