Section 252.044 - Contractor's Bond(a) If the contract is for the construction of public works, the bidder to whom the contract is awarded must execute a good and sufficient bond. The bond must be: (1) in the full amount of the contract price;(2) conditioned that the contractor will faithfully perform the contract; and(3) executed, in accordance with Chapter 2253, Government Code, by a surety company authorized to do business in the state.(b) Repealed by Acts 1993, 73rd Leg., ch. 865, Sec. 2, eff. Sept. 1, 1993.(c) The governing body of a home-rule municipality by ordinance may adopt the provisions of this section and Chapter 2253, Government Code, relating to contractors' surety bonds, regardless of a conflicting provision in the municipality's charter.Tex. Loc. Gov't. Code § 252.044
Amended By Acts 1995, 74th Leg., ch. 76, Sec. 5.95(17), eff. 9/1/1995.Amended by Acts 1993, 73rd Leg., ch. 865, Sec. 2, eff. 9/1/1993 Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. 9/1/1987.