Texas § GV.2269.367 - PERFORMANCE OR PAYMENT BOND
Full text of Texas The Texas Constitution § GV.2269.367 — PERFORMANCE OR PAYMENT BOND, with citation guidance and answers to common questions.
§ GV.2269.367. PERFORMANCE OR PAYMENT BOND
PERFORMANCE OR PAYMENT BOND. (a) A performance or payment bond is not required for the portion of a design-build contract under this section that includes design services only. (b) If a fixed contract amount or guaranteed maximum price has not been determined at the time a design-build contract is awarded, the penal sums of the performance and payment bonds delivered to the governmental entity must each be in an amount equal to the construction budget, if commercially available and practical, as specified in the design criteria package. (c) If the governmental entity awards a design-build contract under Section 2269.362 , the design-build firm shall deliver the bonds not later than the 10th day after the date the design-build firm executes the contract unless the design-build firm furnishes a bid bond or other financial security acceptable to the governmental entity to ensure that the design-build firm will furnish the required performance and payment bonds before the commencement of construction. Added by Acts 2011, 82nd Leg., R.S., Ch. 1129 (H.B. 628 ), Sec. 2.08, eff. September 1, 2011. Redesignated from Government Code, Chapter 2267 by Acts 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093 ), Sec. 22.001 (23), eff. September 1, 2013. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093 ), Sec. 22.002(19), eff. September 1, 2013. SUBCHAPTER I. JOB ORDER CONTRACTS METHOD
Frequently Asked Questions About Texas § GV.2269.367
What does The Texas Constitution § GV.2269.367 cover?
Section GV.2269.367 ("PERFORMANCE OR PAYMENT 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 § GV.2269.367?
A common citation format is "The Texas Constitution § GV.2269.367" (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 § GV.2269.367 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.