Tex. Transp. Code § 370.315
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Notwithstanding Chapter 2253, Government Code, an authority shall require any party to an agreement to operate or maintain a transportation project to provide performance and payment bonds or other forms of security, including corporate guarantee, in amounts considered by the authority to be adequate to protect the authority and to assure performance of all obligations to the authority and to subcontractors providing materials or labor for a transportation project.
Tex. Transp. Code § 370.315