Tex. Spec. Dists. Code § 9029.106

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 9029.106 - Bid on Proposed Construction Work

(a) A person who submits a written sealed bid on proposed construction work for the authority must submit with the bid an amount equal to at least five percent of the total amount of the bid in the form of a:

(1) certified or cashier's check on a responsible bank in this state; or

(2) bidder's bond.

(b) If a successful bidder fails or refuses to enter into a proper contract with the authority or provide a bond required by law, the bidder forfeits the amount of the check or bond that accompanied the bidder's bid.

Tex. Spec. Dist. Loc. Laws § 9029.106

Added by Acts 2013, 83rd Leg. - Regular Session, ch. 112,Sec. 1.06, eff. 4/1/2015.