Texas Government Code 2303.514 – Waiver of Performance Bond
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Terms Used In Texas Government Code 2303.514
- Contract: A legal written agreement that becomes binding when signed.
A subcontractor is not required to execute a performance bond under Chapter 2253 if:
(1) the construction, alteration, repair, or other public work to be performed under the contract is entirely in an enterprise zone; and
(2) the amount of the contract does not exceed $200,000.