Texas Government Code § 2303.514 Waiver Of Performance Bond

Sec. 2303.514. WAIVER OF PERFORMANCE BOND. A subcontractor is not required to execute a performance bond under Chapter 2253 if:

(1) the construction, alteration, repair, or other public work to be performed under the contract is entirely in an enterprise zone; and

(2) the amount of the contract does not exceed $200,000.

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. 985, Sec. 9, eff. Sept. 1, 1995.

Section: Previous  2303.501  2303.502  2303.503  2303.504  2303.505  2303.5055  2303.506  2303.507  2303.509  2303.510  2303.511  2303.513  2303.514  2303.515  2303.516  Next

Last modified: September 28, 2016