1-1 By: Ogden S.B. No. 515
1-2 (In the Senate - Filed February 15, 1999; February 17, 1999,
1-3 read first time and referred to Committee on State Affairs;
1-4 March 29, 1999, reported adversely, with favorable Committee
1-5 Substitute by the following vote: Yeas 8, Nays 0; March 29, 1999,
1-6 sent to printer.)
1-7 COMMITTEE SUBSTITUTE FOR S.B. No. 515 By: Nixon
1-8 A BILL TO BE ENTITLED
1-9 AN ACT
1-10 relating to requiring a performance bond for certain highway
1-11 improvement contracts.
1-12 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-13 SECTION 1. Section 223.006, Transportation Code, is amended
1-14 to read as follows:
1-15 Sec. 223.006. CONTRACTOR'S BOND. A successful bidder under
1-16 this subchapter shall post a bond [in an amount provided by law]
1-17 conditioned on the faithful compliance with the bidder's bid and
1-18 performance of the contract and made payable to the department for
1-19 the use and benefit of the state highway fund. Chapter 2253,
1-20 Government Code, applies to a bond required by this section except
1-21 that the department shall require a successful bidder to post a
1-22 performance bond if the contract is for more than $25,000.
1-23 SECTION 2. This Act takes effect September 1, 1999, and
1-24 applies only to a contract entered into on or after that date.
1-25 SECTION 3. The importance of this legislation and the
1-26 crowded condition of the calendars in both houses create an
1-27 emergency and an imperative public necessity that the
1-28 constitutional rule requiring bills to be read on three several
1-29 days in each house be suspended, and this rule is hereby suspended.
1-30 * * * * *