Sec. 2303.514. WAIVER OF PERFORMANCE BOND. A subcontractor is not required to execute a performance bond under Chapter 2253 if:
(1) the construction, alteration, repair, or other public work to be performed under the contract is entirely in an enterprise zone; and
(2) the amount of the contract does not exceed $200,000.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. 985, Sec. 9, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2303 - Enterprise Zones
Subchapter G. Enterprise Zone Benefits
Section 2303.501. Exemptions From State Regulation; Suspension of Local Regulation
Section 2303.502. Review of State Agency Rules; Report
Section 2303.503. State Preferences
Section 2303.504. State Tax Refunds; Report
Section 2303.505. Local Sales and Use Tax Refunds
Section 2303.5055. Refund, Rebate, or Payment of Tax Proceeds to Qualified Hotel Project
Section 2303.506. Reduction or Elimination of Local Fees or Taxes
Section 2303.507. Tax Increment Financing and Abatement; Limitations on Appraised Value
Section 2303.509. Development Bonds
Section 2303.510. Industrial Development Corporation
Section 2303.511. Other Local Incentives
Section 2303.513. Disposition of Public Property in Enterprise Zone
Section 2303.514. Waiver of Performance Bond
Section 2303.515. Liability of Contractor or Architect
Section 2303.516. Monitoring Qualified Business or Enterprise Project Commitments