Tex. Transp. Code § 441.115

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

Section 441.115 - Contractor Bond

A contractor shall execute a bond for the amount of the contract price. The bond must be payable to and approved by the board and conditioned on:

(1) faithful performance of the contract obligations; and

(2) payment to the district of damages resulting from any default.

Tex. Transp. Code § 441.115

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.