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Texas Transportation Code - TRANSP § 363.004. Surety Bond;  Action on Bond

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

(a) Before granting a license to a contractor to construct a toll bridge, the commissioners court shall require a bond in the amount of $1,000 with a good and sufficient surety.  The bond shall be conditioned on:

(1) the construction of the bridge by the contractor;  and

(2) the maintenance of the bridge by the contractor for the agreed term.

(b) A person who sustains damage because a contractor has not complied with the conditions of the bond may:

(1) sue the contractor on the bond;  and

(2) recover any judgment for damages.

(c) A suit for damages under this section shall be brought in the county in which the license is granted.

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Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 363.004. Surety Bond;  Action on Bond - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-363-004/

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