Texas Local Government Code

§ 212.0106 — BOND REQUIREMENTS AND OTHER FINANCIAL GUARANTEES IN CERTAIN COUNTIES

LG § 212.0106Title 7. REGULATION OF LAND USE, STRUCTURES, BUSINESSES, AND RELATED ACTIVITIES · Part A. MUNICIPAL REGULATORY AUTHORITY · Ch. 212. MUNICIPAL REGULATION OF SUBDIVISIONS AND PROPERTY DEVELOPMENT · Art. A. REGULATION OF SUBDIVISIONS

Statute text

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(a)This section applies only to a person described by Section 212.0105(a).

(b)If the governing body of a municipality in a county described by Section 212.0105(a)(1)(A) or (B) requires the owner of the tract to execute a bond, the owner must do so before subdividing the tract unless an alternative financial guarantee is provided under Subsection (c). The bond must:

(1)be payable to the presiding officer of the governing body or to the presiding officer's successors in office;

(2)be in an amount determined by the governing body to be adequate to ensure the proper construction or installation of the water and sewer service facilities to service the subdivision but not to exceed the estimated cost of the construction or installation of the facilities;

(3)be executed with sureties as may be approved by the governing body;

(4)be executed by a company authorized to do business as a surety in this state if the governing body requires a surety bond executed by a corporate surety; and

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Legislative history

Added by Acts 1989, 71st Leg., ch. 624, Sec. 3.01, eff. Sept. 1, 1989.