Bill Text: TX SB1456 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to the requirement for performance bonds from certain public work contractors.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2019-04-23 - Left pending in committee [SB1456 Detail]
Download: Texas-2019-SB1456-Introduced.html
86R12425 MTB-D | ||
By: Flores | S.B. No. 1456 |
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relating to the requirement for performance bonds from certain | ||
public work contractors. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2253.021(a), Government Code, is amended | ||
to read as follows: | ||
(a) A governmental entity that makes a public work contract | ||
with a prime contractor shall require the contractor, before | ||
beginning the work, to execute to the governmental entity: | ||
(1) a performance bond if the contract is in excess of | ||
$150,000 [ |
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(2) a payment bond if: | ||
(A) the contract is in excess of $25,000, and the | ||
governmental entity is not a municipality or a joint board created | ||
under Subchapter D, Chapter 22, Transportation Code; or | ||
(B) the contract is in excess of $50,000, and the | ||
governmental entity is a municipality or a joint board created | ||
under Subchapter D, Chapter 22, Transportation Code. | ||
SECTION 2. (a) The changes in law made by this Act apply | ||
only to a public work contract for which a governmental entity first | ||
advertises or otherwise requests bids, proposals, offers, or | ||
qualifications, or makes a similar solicitation, on or after the | ||
effective date of this Act. | ||
(b) A public work contract for which a governmental entity | ||
first advertises or otherwise requests bids, proposals, offers, or | ||
qualifications, or makes a similar solicitation, before the | ||
effective date of this Act is governed by the law as it existed | ||
immediately before the effective date of this Act, and that law is | ||
continued in effect for that purpose. | ||
SECTION 3. This Act takes effect September 1, 2019. |