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Tex. Transportation Code § 223.016

FORM OF PROPOSAL GUARANTY

Texas · Texas Transportation Code · Status: effective

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Tex. Transportation Code § 223.016, FORM OF PROPOSAL GUARANTY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/568781
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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.