Bill Text: TX HB5240 | 2023-2024 | 88th Legislature | Introduced

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Bill Title: Relating to the statute of limitations for a suit on performance bonds.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2023-03-24 - Referred to State Affairs [HB5240 Detail]

Download: Texas-2023-HB5240-Introduced.html

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By: Morales of Maverick H.B. No. 5240

A BILL TO BE ENTITLED
AN ACT
relating to the statute of limitations for a suit on performance
bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Sec. 2253.078(a), Government Code, is amended to
read as follows:
(a) A suit on a performance bond may not be brought after the
first anniversary of the earlier of: (1) the date of final
completion, (2) the date of abandonment, or (3) the date of
termination of the public work contract.
SECTION 2. This act takes effect September 1, 2023.