Sec. 21.011. SECURITY FOR BIDS. The department shall require every bidder, except administrators of state funds, to include with their bid an exchange or cashier's check for an amount the department considers adequate as a forfeit guaranteeing acceptance of and payment for all bonds covered by the bid.
Acts 1975, 64th Leg., p. 1405, ch. 545, Sec. 1, eff. Sept. 1, 1975.
Structure Texas Statutes
Chapter 21 - Texas Park Development Fund
Subchapter A. Texas Park Development Bonds
Section 21.001. Issuance of Park Development Bonds
Section 21.002. Description of Bonds
Section 21.005. Form, Denomination, Place of Payment
Section 21.007. Redemption Before Maturity
Section 21.008. Registered and Bearer Bonds
Section 21.009. Notice of Bond Sale
Section 21.010. Competitive Bids
Section 21.011. Security for Bids
Section 21.012. Approval of Bonds; Registration
Section 21.013. Execution of Bonds
Section 21.014. Facsimile Signatures and Seals
Section 21.015. Signature of Former Officer
Section 21.016. Bonds Incontestable, Valid, and Binding
Section 21.017. Evidence of Validity
Section 21.018. Payment by Comptroller
Section 21.019. Duties Enforceable
Section 21.020. Refunding Bonds
Section 21.021. Bonds Negotiable Instruments
Section 21.022. Bonds Not Taxable
Section 21.023. Authorized Investments