21.011 – SECURITY FOR BIDS. The department shall require
Texas Parks and Wildlife Code § 21.011
Summary
This law mandates that bidders submit a security deposit, typically in the form of a check, to guarantee their commitment to the bid. It applies to all bidders except for state fund administrators, ensuring financial accountability in the bidding process.
Bidders must provide a security deposit with their bid.
Excludes administrators of state funds from this requirement.
Deposit guarantees acceptance and payment for bid-related bonds.
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In simple terms: Learn about Texas's SECURITY FOR BIDS. The department shall require 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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