Texas Special District Local Laws Code

§ 21.255 — CONTRACTOR'S BOND

SD § 21.255Title 2. ENVIRONMENT AND SANITATION · Part A. SOLID WASTE MANAGEMENT · Ch. 21. UPPER SABINE VALLEY SOLID WASTE MANAGEMENT DISTRICT · Art. F. CONSTRUCTION, RENOVATION, AND REPAIR CONTRACTS

Statute text

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(a)A contractor shall execute a bond:

(1)in an amount determined by the board, not to exceed the contract price;

(2)payable to the district and approved by the board; and

(3)conditioned on the faithful performance of the contract.

(b)The bond must provide that a contractor pay to the district all damages sustained as a result of the contractor's default on the contract.

(c)The bond shall be deposited in the district's depository. A copy of the bond shall be kept in the district's office.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.01, eff. April 1, 2009.