Tex. Local Gov't Code Section 302.003
Payment and Performance Bond

Notwithstanding any other law, before entering into an energy savings performance contract, the governing body of the local government shall require the provider of the energy or water conservation or usage measures to file with the governing body a payment and performance bond relating to the installation of the measures in accordance with Chapter 2253 (Public Work Performance and Payment Bonds), Government Code. The governing body may also require a separate bond to cover the value of the guarantee.
Added by Acts 1997, 75th Leg., ch. 635, Sec. 1, eff. June 11, 1997. Amended by Acts 2001, 77th Leg., ch. 573, Sec. 6, eff. Sept. 1, 2001; Acts 2001, 77th Leg., ch. 1319, Sec. 5, eff. Sept. 1, 2001; Acts 2003, 78th Leg., ch. 1310, Sec. 80, 121(23), eff. June 20, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 527 (S.B. 831), Sec. 6, eff. June 16, 2007.

Source: Section 302.003 — Payment and Performance Bond, https://statutes.­capitol.­texas.­gov/Docs/LG/htm/LG.­302.­htm#302.­003 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 302.003’s source at texas​.gov