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2024 Texas Statutes
Government Code
Title 10 - General Government
Subtitle F - State and Local Contracts and Fund Management
Chapter 2252 - Contracts With Governmental Entity
Subchapter C. Private Auxiliary Enterprise Providing Services to State Agencies or Institutions of Higher Education
Section 2252.064. Performance Bond
Universal Citation:
TX Govt Code § 2252.064 (2024)
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Sec. 2252.064. PERFORMANCE BOND. (a) A contractor shall execute a bond issued by a surety company authorized to do business in this state in an amount determined by the contracting state agency, but not to exceed the contract price.
(b) The bond must be payable to the state and conditioned on the faithful performance of the terms of the contract.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
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