Tex. Gov't Code § 2252.064

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2252.064 - Performance Bond

(a) A contractor shall execute a bond issued by a surety company authorized to do business in this state in an amount determined by the contracting state agency, but not to exceed the contract price.

(b) The bond must be payable to the state and conditioned on the faithful performance of the terms of the contract.

Tex. Gov't. Code § 2252.064

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.