Amend SB 157 by striking SECTION 1 and substituting the
following:
SECTION 1. Subchapter A, Chapter 223, Transportation Code,
is amended by adding Section 223.014 to read as follows:
Sec. 223.014. FORM OF PROPOSAL GUARANTY. (a) If the
department by rule requires a proposal quaranty as a condition of
bidding for a contract, the guaranty may be in the form of:
(1) a cashier's check or money order drawn on a
financial entity specified by the department;
(2) a bid bond issued by a surety authorized to do
business in this state; or
(3) any other method determined to be suitable by the
department.