By: Berlanga (Senate Sponsor - Truan) H.B. No. 1074 (In the Senate - Received from the House March 31, 1993; April 1, 1993, read first time and referred to Committee on Intergovernmental Relations; April 15, 1993, reported favorably by the following vote: Yeas 7, Nays 0; April 15, 1993, sent to printer.) COMMITTEE VOTE Yea Nay PNV Absent Armbrister x Leedom x Carriker x Henderson x Madla x Moncrief x Patterson x Rosson x Shapiro x Wentworth x Whitmire x A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the authority of navigation districts and port 1-3 authorities to establish financial criteria for surety companies 1-4 that provide performance or payment bonds. 1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-6 SECTION 1. Sections 60.411(a) and (d), Water Code, are 1-7 amended to read as follows: 1-8 (a) If a contract is for the construction of public works or 1-9 a contract amount exceeds $50,000, the bid specifications or 1-10 request for proposal may require the bidder to furnish a good and 1-11 sufficient bid bond in the amount of five percent of the total 1-12 contract price. A district or port authority may require that the 1-13 bond be executed with a surety company: 1-14 (1) authorized to do business in this state; and 1-15 (2) listed on the United States Department of Treasury 1-16 List of Approved Sureties. 1-17 (d) Bidders or proposal offerers for contracts subject to 1-18 Article 5160, Revised Statutes, are required to furnish a bond as 1-19 provided by that article, except that a district or port authority 1-20 may require that the bond be executed with a surety company listed 1-21 on the United States Department of Treasury List of Approved 1-22 Sureties. 1-23 SECTION 2. The changes in law made by this Act apply only to 1-24 contracts made on or after the effective date of this Act. 1-25 SECTION 3. This Act takes effect September 1, 1993. 1-26 SECTION 4. The importance of this legislation and the 1-27 crowded condition of the calendars in both houses create an 1-28 emergency and an imperative public necessity that the 1-29 constitutional rule requiring bills to be read on three several 1-30 days in each house be suspended, and this rule is hereby suspended. 1-31 * * * * * 1-32 Austin, 1-33 Texas 1-34 April 15, 1993 1-35 Hon. Bob Bullock 1-36 President of the Senate 1-37 Sir: 1-38 We, your Committee on Intergovernmental Relations to which was 1-39 referred H.B. No. 1074, have had the same under consideration, and 1-40 I am instructed to report it back to the Senate with the 1-41 recommendation that it do pass and be printed. 1-42 Armbrister, 1-43 Chairman 1-44 * * * * * 1-45 WITNESSES 1-46 FOR AGAINST ON 1-47 ___________________________________________________________________ 1-48 Name: Floyd Buch x 1-49 Representing: Port of Corpus Christi Author 1-50 City: Corpus Christi 1-51 ------------------------------------------------------------------- 1-52 Name: Greg Brubeck x 1-53 Representing: Port of Corpus Christi Author 1-54 City: Corpus Christi 1-55 -------------------------------------------------------------------