SB 1980

85(R) - 2017
Senate Business & Commerce
Senate Business & Commerce
Local Government

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral


Charles Schwertner

Bill Caption

Relating to performance bonds for certain public improvements in certain municipalities.

Fiscal Notes

From the LBB: no fiscal implication to the state is anticipated.

Bill Analysis

Under current law, a developer must execute a performance bond for the construction of the improvements in a municipal developer contract to ensure the completion of the project. SB 1980 would require the amount of the bond to be for the contract price for the improvements. The municipality and developer may agree that, instead of a performance bond, the developer may submit to the municipality an irrevocable letter of credit in the amount required for the bond.

Vote Recommendation Notes

This is an administrative bill that has no connection to our liberty principles. We remain neutral.