Tex. Transportation Code § 394.024
This is the official text of Tex. Transportation Code § 394.024, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 394.024. BOND.
Official statutory text
(a) The commission by rule may require an applicant for a permit to file with the commission a surety bond or other security in a reasonable amount.
(b) The bond or other security must be payable to the commission to reimburse the commission for the cost of removing a sign unlawfully erected or maintained by a permit holder.
(c) A rule adopted under Subsection (a) must exempt an applicant from filing a bond or other security if the applicant has:
(1) held at least five permits under this chapter for at least one year; and
(2) not violated this chapter or a rule adopted under this chapter during the preceding 12 months.
(b) The bond or other security must be payable to the commission to reimburse the commission for the cost of removing a sign unlawfully erected or maintained by a permit holder.
(c) A rule adopted under Subsection (a) must exempt an applicant from filing a bond or other security if the applicant has:
(1) held at least five permits under this chapter for at least one year; and
(2) not violated this chapter or a rule adopted under this chapter during the preceding 12 months.
Status: in_force · Read it on the official government site
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