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Texas Natural Resources Code

§ 162.043 — SECURITY FOR BID

NR § 162.043Title 7. RESOURCES PROGRAMS · Ch. 162. VETERANS' HOUSING ASSISTANCE PROGRAM · Art. C. 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

Added by Acts 1983, 68th Leg., p. 547, ch. 115, Sec. 1.

Source: Texas Natural Resources Code § 162.043 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.