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Texas Natural Resources Code

§ 161.124 — SECURITY FOR BID

NR § 161.124Title 7. RESOURCES PROGRAMS · Ch. 161. VETERANS LAND BOARD · Art. D. GENERAL OBLIGATION BONDS

Statute text

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The board may require bidders to accompany their bids with exchange or bank cashier's checks in an amount considered adequate by the board to be a forfeit guaranteeing the acceptance and payment for bonds covered by the bids and accepted by the board.

Legislative history

Acts 1977, 65th Leg., p. 2661, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1993, 73rd Leg., ch. 242, Sec. 1.11, eff. Aug. 30, 1993.

Source: Texas Natural Resources Code § 161.124 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.