Bill Text: TX HB5240 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the statute of limitations for a suit on performance bonds.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-03-24 - Referred to State Affairs [HB5240 Detail]
Download: Texas-2023-HB5240-Introduced.html
By: Morales of Maverick | H.B. No. 5240 |
|
||
|
||
relating to the statute of limitations for a suit on performance | ||
bonds. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Sec. 2253.078(a), Government Code, is amended to | ||
read as follows: | ||
(a) A suit on a performance bond may not be brought after the | ||
first anniversary of the earlier of: (1) the date of final | ||
completion, (2) the date of abandonment, or (3) the date of | ||
termination of the public work contract. | ||
SECTION 2. This act takes effect September 1, 2023. |