By: Eckels H.B. No. 235
73R1364 SHS-F
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 30 <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 and before beginning the work, the bidder or
1-9 proposal offeror shall furnish a performance bond to the county, if
1-10 required by the county, for the full amount of the contract if that
1-11 contract exceeds $50,000.
1-12 SECTION 2. This Act applies only to a contract signed or a
1-13 purchase order issued on or after the effective date of this Act.
1-14 SECTION 3. This Act takes effect September 1, 1993.
1-15 SECTION 4. The importance of this legislation and the
1-16 crowded condition of the calendars in both houses create an
1-17 emergency and an imperative public necessity that the
1-18 constitutional rule requiring bills to be read on three several
1-19 days in each house be suspended, and this rule is hereby suspended.