Tex. Special District Local Laws Code § 21.255
This is the official text of Tex. Special District Local Laws Code § 21.255, part of Texas’s Special District Local Laws Code — consolidates the individual laws creating Texas's special-purpose local government districts.
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§ 21.255. CONTRACTOR'S BOND.
Official statutory text
(a) A contractor shall execute a bond:
(1) in an amount determined by the board, not to exceed the contract price;
(2) payable to the district and approved by the board; and
(3) conditioned on the faithful performance of the contract.
(b) The bond must provide that a contractor pay to the district all damages sustained as a result of the contractor's default on the contract.
(c) The bond shall be deposited in the district's depository. A copy of the bond shall be kept in the district's office.
(1) in an amount determined by the board, not to exceed the contract price;
(2) payable to the district and approved by the board; and
(3) conditioned on the faithful performance of the contract.
(b) The bond must provide that a contractor pay to the district all damages sustained as a result of the contractor's default on the contract.
(c) The bond shall be deposited in the district's depository. A copy of the bond shall be kept in the district's office.
Status: in_force · Read it on the official government site
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