By Truan                                              S.B. No. 1823
         76R4657 DRH-D                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the form of a proposal guaranty for a contract of the
 1-3     Texas Department of Transportation.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Subchapter A, Chapter 223, Transportation Code,
 1-6     is amended by adding Section 223.014 to read as follows:
 1-7           Sec. 223.014.  FORM OF PROPOSAL GUARANTY.  If the department
 1-8     by rule requires a proposal guaranty as a condition of bidding for
 1-9     a contract, the  guaranty may be in the form of:
1-10                 (1)  a cashier's check or money order drawn on a
1-11     financial entity specified by the department; or
1-12                 (2)  a bid bond issued by a surety authorized to do
1-13     business in this state.
1-14           SECTION 2.  This Act takes effect January 1, 2000.
1-15           SECTION 3.  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.