Texas Subdivision Bonds
The existing bond requirements for a subdivision bonds will be revised through this bill. This will be to expand the bond’s coverage and increase the amount required. Through current law the Commissioner’s Court requires a bond where the amount must sufficient to secure the construction of the roads, streets and drainage requirements, but not to exceed to the estimated cost of construction. Under the new bill the bond amount would be based upon the costs of other infrastructures such as water supply and sewage systems.
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