Texas § 223.016 FORM OF PROPOSAL GUARANTY.

Texas Statutes

§ 223.016 — FORM OF PROPOSAL GUARANTY.

Texas § 223.016

Code TNTransportation Code

This text of Texas § 223.016 (FORM OF PROPOSAL GUARANTY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Transportation Code Code Ann. § 223.016 (2026).

Text

Sec. 223.016. FORM OF PROPOSAL GUARANTY. If the department by rule requires a proposal guaranty as a condition of bidding for a contract, the guaranty may be in the form of:

(1)a cashier's check or money order drawn on a financial entity specified by the department; or

(2)a bid bond issued by a surety authorized to do business in this state; or

(3)any other method determined to be suitable by the department. SUBCHAPTER B. CONTRACT PROVISIONS

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 223.016. FORM OF PROPOSAL GUARANTY. If the department by rule requires a proposal guaranty as a condition of bidding for a contract, the guaranty may be in the form of:
(1) a cashier's check or money order drawn on a financial entity specified by the department; or
(2) a bid bond issued by a surety authorized to do business in this state; or
(3) any other method determined to be suitable by the department.
SUBCHAPTER B. CONTRACT PROVISIONS

Legislative History

Added by Acts 2001, 77th Leg., ch. 833, Sec. 1, eff. Jan. 1, 2002. Renumbered from Transportation Code Sec. 223.014 by Acts 2003, 78th Leg., ch. 1275, Sec. 2(126), eff. Sept. 1, 2003.