WAIVER OF PERFORMANCE BOND
Known as the Texas Enterprise Zone Act
The act spans §§ 2303.001 to 2303.517 (41 sections).
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff
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.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.