Tex. Loc. Gov't Code § 271.059

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

Section 271.059 - Contractor's Bonds

If a contract is for the construction of public works and is required by this subchapter to be submitted to competitive bidding, the successful bidder must execute a good and sufficient payment bond and performance bond. The bonds must each be:

(1) in the full amount of the contract price; and

(2) executed, in accordance with Chapter 2253, Government Code, with a surety company authorized to do business in this state.

Tex. Loc. Gov't. Code § 271.059

Amended by Acts 1995, 74th Leg., ch. 76, Sec. 5.95(17), eff. 9/1/1995.

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. 9/1/1987.