Tex. Gov't Code § 2156.004

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2156.004 - Bid Deposit

(a) The comptroller, as considered necessary, may require a bid deposit in an amount determined by the comptroller. The amount of the deposit, if any, must be stated in the public notice and the invitation to bid.

(b) On the award of a bid or the rejection of all bids, the comptroller shall refund the bid deposit of an unsuccessful bidder.

(c) The comptroller may accept from a bidder a bid deposit in the form of a blanket bond.

Tex. Gov't. Code § 2156.004

Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 1071,Sec. 60, eff. 9/1/2019.

Amended by Acts 2003, 78th Leg., ch. 785, Sec. 35, eff. 9/1/2003.

Added by Acts 1995, 74th Leg., ch. 41, Sec. 1, eff. 9/1/1995.