Tex. Transportation Code § 223.016
This is the official text of Tex. Transportation Code § 223.016, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 223.016. FORM OF PROPOSAL GUARANTY.
Official statutory text
If the department by rule requires a proposal guaranty as a condition of bidding for a contract, the guaranty may be in the form of:
(1) a cashier's check or money order drawn on a financial entity specified by the department; or
(2) a bid bond issued by a surety authorized to do business in this state; or
(3) any other method determined to be suitable by the department.
(1) a cashier's check or money order drawn on a financial entity specified by the department; or
(2) a bid bond issued by a surety authorized to do business in this state; or
(3) any other method determined to be suitable by the department.
Status: in_force · Read it on the official government site
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