Sec. 212.073. PERFORMANCE BOND. 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.
Added by Acts 1989, 71st Leg., ch. 1, Sec. 47(b), eff. Aug. 28, 1989. Amended by Acts 1995, 74th Leg., ch. 76, Sec. 5.95(17), eff. Sept. 1, 1995.
Structure Texas Statutes
Title 7 - Regulation of Land Use, Structures, Businesses, and Related Activities
Subtitle A - Municipal Regulatory Authority
Chapter 212 - Municipal Regulation of Subdivisions and Property Development
Subchapter C. Developer Participation in Contract for Public Improvements
Section 212.071. Developer Participation Contract
Section 212.072. Duties of Parties Under Contract
Section 212.073. Performance Bond
Section 212.074. Additional Safeguards; Inspection of Records