Surety Bond; Action On Bond

Sec. 363.004. SURETY BOND; ACTION ON BOND. (a) Before granting a license to a contractor to construct a toll bridge, the commissioners court shall require a bond in the amount of $1,000 with a good and sufficient surety. The bond shall be conditioned on: (1) the construction of the bridge by the contractor; and (2) the maintenance of the bridge by the contractor for the agreed term. (b) A person who sustains damage because a contractor has not complied with the conditions of the bond may: (1) sue the contractor on the bond; and (2) recover any judgment for damages. (c) A suit for damages under this section shall be brought in the county in which the license is granted. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.