Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 1615 amends the Property Code to prohibit trustees from retaining or diverting construction trust funds due to disputes arising under contracts unrelated to the contract for which the trust funds were received. The bill explicitly states that such actions constitute misapplication of trust funds, reinforcing financial protections for contractors and laborers. These provisions apply to contracts entered into on or after September 1, 2025.
Author
Nathan Johnson
