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Texas Transportation Code - TRANSP § 394.024. Bond

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

(a) The commission by rule may require an applicant for a permit to file with the commission a surety bond or other security in a reasonable amount.

(b) The bond or other security must be payable to the commission to reimburse the commission for the cost of removing a sign unlawfully erected or maintained by a permit holder.

(c) A rule adopted under Subsection (a) must exempt an applicant from filing a bond or other security if the applicant has:

(1) held at least five permits under this chapter for at least one year;  and

(2) not violated this chapter or a rule adopted under this chapter during the preceding 12 months.

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Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 394.024. Bond - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-394-024/

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