Tex. Gov't Code § 2303.514

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

Section 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.

Tex. Gov't. Code § 2303.514

Amended by Acts 1995, 74th Leg., ch. 985, Sec. 9, eff. 9/1/1995.

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