Sec. 1433.025. ADVERTISING FOR CERTAIN CONTRACTS; PERFORMANCE AND PAYMENT BONDS. (a) A contract for construction or purchase under this chapter involving the expenditure of more than $2,000 may be made only after advertising in the manner provided by Chapter 252, Local Government Code, or Subchapter C, Chapter 262, Local Government Code, as applicable.
(b) The provisions of Chapter 2253 relating to performance and payment bonds apply to construction contracts let by the issuer.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities
Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources
Subchapter B. Powers of Issuer
Section 1433.021. Acquisition of Project; Disposition
Section 1433.022. Limitations on Acquisitions
Section 1433.023. Authority to Issue Revenue Bonds
Section 1433.024. Lease of Project
Section 1433.025. Advertising for Certain Contracts; Performance and Payment Bonds