Texas § TN.223.250 - PERFORMANCE OR PAYMENT BOND
Full text of Texas The Texas Constitution § TN.223.250 — PERFORMANCE OR PAYMENT BOND, with citation guidance and answers to common questions.
§ TN.223.250. PERFORMANCE OR PAYMENT BOND
PERFORMANCE OR PAYMENT BOND. (a) The department shall require a design-build contractor to provide: (1) a performance and payment bond; (2) an alternative form of security; or (3) a combination of the forms of security described by Subdivisions (1) and (2). (b) Except as provided by Subsection (c), a performance and payment bond, alternative form of security, or combination of the forms shall be in an amount equal to the cost of constructing or maintaining the project. (c) If the department determines that it is impracticable for a private entity to provide security in the amount described by Subsection (b), the department shall set the amount of the security. (d) A performance and payment bond is not required for the portion of a design-build contract under this section that includes design services only. (e) The department may require one or more of the following alternative forms of security: (1) a cashier's check drawn on a financial entity specified by the department; (2) a United States bond or note; (3) an irrevocable bank letter of credit provided by a bank meeting the requirements specified in the request for proposals; or (4) any other form of security determined suitable by the department. (f) Section 223.006 of this code and Chapter 2253 , Government Code, do not apply to a bond or alternative form of security required under this section. Added by Acts 2011, 82nd Leg., R.S., Ch. 1345 (S.B. 1420 ), Sec. 34, eff. September 1, 2011.
Frequently Asked Questions About Texas § TN.223.250
What does The Texas Constitution § TN.223.250 cover?
Section TN.223.250 ("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 § TN.223.250?
A common citation format is "The Texas Constitution § TN.223.250" (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 § TN.223.250 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.