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A BILL TO BE ENTITLED
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AN ACT
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relating to the approval of a surety bond for a contract authorizing |
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an oversize or overweight vehicle to cross a road or highway. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 623.051(d), Transportation Code, is |
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amended to read as follows: |
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(d) Before exercising any right under a contract under this |
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section, a person must execute with a corporate surety authorized |
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to do business in this state a surety bond in an amount determined |
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by the commission to compensate for the cost of maintenance and |
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repairs as provided by this section. The bond must be approved by |
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the Texas Department of Transportation [comptroller and the |
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attorney general] and must be conditioned on the person fulfilling |
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the obligations of the contract. |
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SECTION 2. Section 623.052(b), Transportation Code, is |
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amended to read as follows: |
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(b) Before a person may operate a vehicle under this |
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section, the person must: |
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(1) contract with the Texas Department of |
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Transportation to indemnify the Texas Department of Transportation |
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for the cost of the maintenance and repair for damage caused by a |
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vehicle crossing that part of the highway; and |
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(2) execute an adequate surety bond to compensate for |
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the cost of maintenance and repair, approved by the Texas |
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Department of Transportation [comptroller and the attorney |
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general], with a corporate surety authorized to do business in this |
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state, conditioned on the person fulfilling each obligation of the |
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agreement. |
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SECTION 3. The changes in law made by this Act apply only to |
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the approval of a surety bond on or after the effective date of this |
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Act. |
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SECTION 4. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2025. |