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Texas Government Code - GOV'T § 466.102. Liquidated Damages;  Performance Bond

Current as of January 01, 2024 | Updated by Findlaw Staff

<This chapter expires pursuant to V.T.C.A. Government Code § 466.005(c).>

A contract for the acquisition or provision of facilities, supplies, equipment, materials, or services related to the operation of the lottery must provide for liquidated damages and a performance bond in an amount equal to the executive director's best available estimate of the revenue that would be lost if the contractor fails to meet deadlines specified in the contract.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 466.102. Liquidated Damages;  Performance Bond - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-466-102/

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