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Texas Transportation Code - TRANSP § 223.016. Form of Proposal Guaranty

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

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.

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Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 223.016. Form of Proposal Guaranty - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-223-016/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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