1303.001 – USE OF BOND PROCEEDS FOR OWNER-CONTROLLED
Texas Government Code § 1303.001
Summary
This law allows counties in Texas to use bond proceeds for owner-controlled insurance programs related to construction projects. It requires that the bond issuance order explicitly authorizes the establishment of such an insurance program.
Counties can use bond proceeds for insurance on construction projects.
Requires authorization in the bond issuance order.
Facilitates consolidated insurance management for projects.
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In simple terms: Learn about Texas's USE OF BOND PROCEEDS FOR OWNER-CONTROLLED law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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