Sec. 2303.514. WAIVER OF PERFORMANCE BOND

Latest version.

A subcontractor is not required to execute a performance bond under Chapter 2253 if:
(1) the construction, alteration, repair, or other public work to be performed under the contract is entirely in an enterprise zone; and
(2) the amount of the contract does not exceed $200,000.

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. 985, Sec. 9, eff. Sept. 1, 1995.

                    
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