Sec. 21.255. CONTRACTOR'S BOND. (a) A contractor shall execute a bond: (1) in an amount determined by the board, not to exceed the contract price; (2) payable to the district and approved by the board; and (3) conditioned on the faithful performance of the contract. (b) The bond must provide that a contractor pay to the district all damages sustained as a result of the contractor's default on the contract. (c) The bond shall be deposited in the district's depository. A copy of the bond shall be kept in the district's office. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.01, eff. April 1, 2009.
Contractor's Bond
Tex. Special District Local Laws Code § 21.255, under Upper Sabine Valley Solid Waste Management District.
Tex. Special District Local Laws Code § 21.255