Texas Local Government Code 212.901 – Developer Required to Provide Surety
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(a) To ensure that it will not incur liabilities, a municipality may require, before it gives approval of the plans for a development, that the owner of the development provide sufficient surety to guarantee that claims against the development will be satisfied if a default occurs.
(b) This section does not preclude a claimant from seeking recovery by other means.
Terms Used In Texas Local Government Code 212.901
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005