Sec. 2156.004. BID DEPOSIT. (a) The comptroller, as considered necessary, may require a bid deposit in an amount determined by the comptroller. The amount of the deposit, if any, must be stated in the public notice and the invitation to bid.
(b) On the award of a bid or the rejection of all bids, the comptroller shall refund the bid deposit of an unsuccessful bidder.
(c) The comptroller may accept from a bidder a bid deposit in the form of a blanket bond.
Added by Acts 1995, 74th Leg., ch. 41, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 2003, 78th Leg., ch. 785, Sec. 35, eff. Sept. 1, 2003.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 1071 (H.B. 1524), Sec. 60, eff. September 1, 2019.
Structure Texas Statutes
Subtitle D - State Purchasing and General Services
Chapter 2156 - Purchasing Methods
Subchapter A. Contract Purchase Procedure
Section 2156.001. Contract Purchase Procedure Authorized
Section 2156.0011. Comptroller Powers and Duties
Section 2156.0012. Authority to Adopt Rules
Section 2156.002. Solicitation of Bids Through Public Notice
Section 2156.003. Solicitation of Bids Through Bidders List; Bid Invitations
Section 2156.005. Bid Submission and Opening; Public Inspection
Section 2156.006. Submission of Additional Material With Bid
Section 2156.007. Contract Award
Section 2156.008. Rejection of Bids