By: Giddings H.B. No. 232 73R1057 SHS-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the performance bond for a county contract. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Section 262.032(b), Local Government Code, is 1-5 amended to read as follows: 1-6 (b) Within 10 days after the date of the signing of a 1-7 contract or issuance of a purchase order following the acceptance 1-8 of a bid or proposal, the bidder or proposal offeror shall furnish 1-9 a performance bond to the county, if required by the county, for 1-10 the full amount of the contract if that contract exceeds $50,000. 1-11 SECTION 2. This Act applies only to a contract signed or a 1-12 purchase order issued on or after the effective date of this Act. 1-13 SECTION 3. This Act takes effect September 1, 1993. 1-14 SECTION 4. The importance of this legislation and the 1-15 crowded condition of the calendars in both houses create an 1-16 emergency and an imperative public necessity that the 1-17 constitutional rule requiring bills to be read on three several 1-18 days in each house be suspended, and this rule is hereby suspended.