Security For Bid

Tex. Natural Resources Code § 162.043, under Chapter 162.

Tex. Natural Resources Code § 162.043

Sec. 162.043. SECURITY FOR BID. The board may require bidders to accompany their bids with exchange or bank cashier's checks in an amount considered adequate by the board to be a forfeit guaranteeing the acceptance and payment for bonds covered by the bids and accepted by the board. Added by Acts 1983, 68th Leg., p. 547, ch. 115, Sec. 1.