The developer must execute a performance bond for the construction of the improvements to ensure completion of the project. The bond must be executed by a corporate surety in accordance with Chapter 2253, Government Code.
Tex. Loc. Gov't Code § 212.073
PERFORMANCE BOND
Added by Acts 1989, 71st Leg., ch. 1, Sec. 47(b), eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.