1-1 By: Truan S.B. No. 1823 1-2 (In the Senate - Filed March 16, 1999; March 18, 1999, read 1-3 first time and referred to Committee on State Affairs; 1-4 April 26, 1999, reported favorably, as amended, by the following 1-5 vote: Yeas 8, Nays 0; April 26, 1999, sent to printer.) 1-6 COMMITTEE AMENDMENT NO. 1 By: Lucio 1-7 Amend S.B. No. 1823, by Truan, by striking lines 20 through 22 and 1-8 substituting new language to read as follows: 1-9 Sec. 223.014. FORM OF PROPOSAL GUARANTY. If the department 1-10 by rule requires a proposal guaranty as a condition of bidding for 1-11 a contract, the rule must allow a bidder to submit a bid guaranty 1-12 in the form of: 1-13 A BILL TO BE ENTITLED 1-14 AN ACT 1-15 relating to the form of a proposal guaranty for a contract of the 1-16 Texas Department of Transportation. 1-17 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-18 SECTION 1. Subchapter A, Chapter 223, Transportation Code, 1-19 is amended by adding Section 223.014 to read as follows: 1-20 Sec. 223.014. FORM OF PROPOSAL GUARANTY. If the department 1-21 by rule requires a proposal guaranty as a condition of bidding for 1-22 a contract, the guaranty may be in the form of: 1-23 (1) a cashier's check or money order drawn on a 1-24 financial entity specified by the department; or 1-25 (2) a bid bond issued by a surety authorized to do 1-26 business in this state. 1-27 SECTION 2. This Act takes effect January 1, 2000. 1-28 SECTION 3. The importance of this legislation and the 1-29 crowded condition of the calendars in both houses create an 1-30 emergency and an imperative public necessity that the 1-31 constitutional rule requiring bills to be read on three several 1-32 days in each house be suspended, and this rule is hereby suspended. 1-33 * * * * *