The board may require bidders to accompany their bids with exchange or bank cashier's checks in an amount considered adequate by the board to be a forfeit guaranteeing the acceptance and payment for bonds covered by the bids and accepted by the board.
Tex. Nat. Res. Code § 162.043
SECURITY FOR BID
Added by Acts 1983, 68th Leg., p. 547, ch. 115, Sec. 1.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.