Tex. Water Code § 62.114
This is the official text of Tex. Water Code § 62.114, part of Texas’s Water Code — governs water rights and water resource management.
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§ 62.114. BOND OF CONTRACTOR.
Official statutory text
(a) The party, firm, or corporation to whom a contract is awarded under Section 62.111 of this code shall execute a bond, payable to the commission, for twice the amount of the contract price, conditioned on faithful performance of the obligations, agreements, and covenants of the contract and that in default of the performance he will pay to the district all damages sustained by reason of the default.
(b) The bond shall be approved by the commission.
(b) The bond shall be approved by the commission.
Status: in_force · Read it on the official government site
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