Texas § LG.232.0045 - FINANCIAL GUARANTEE IN LIEU OF BOND
Full text of Texas The Texas Constitution § LG.232.0045 — FINANCIAL GUARANTEE IN LIEU OF BOND, with citation guidance and answers to common questions.
§ LG.232.0045. FINANCIAL GUARANTEE IN LIEU OF BOND
FINANCIAL GUARANTEE IN LIEU OF BOND. (a) In lieu of the bond an owner may deposit cash, a letter of credit issued by a federally insured financial institution, or other acceptable financial guarantee. (b) If a letter of credit is used, it must: (1) list as the sole beneficiary the county judge of the county in which the subdivision is located; and (2) be conditioned that the owner of the tract of land to be subdivided will construct any roads or streets in the subdivision: (A) in accordance with the specifications adopted by the commissioners court; and (B) within a reasonable time set by the court. Added by Acts 1989, 71st Leg., ch. 1, Sec. 54(b), eff. Aug. 28, 1989.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § LG.232.0045
What does The Texas Constitution § LG.232.0045 cover?
Section LG.232.0045 ("FINANCIAL GUARANTEE IN LIEU OF BOND") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § LG.232.0045?
A common citation format is "The Texas Constitution § LG.232.0045" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § LG.232.0045 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.