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Relating to performance and payment bonds for public work contracts on public property leased to a nongovernmental entity.
No significant fiscal implication to the State is anticipated.
HB 1477 would extend certain provisions governing the use of performance bonds used in work contracts to apply to certain public work contracts. The bill provides an exemption for contracts made between nongovernmental entities and certain river authorities.
As HB 1477 does not pertain to the liberty principles, Texas Action is neutral on this bill.
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