Tex. Gov't Code § 466.102

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 466.102 - Liquidated Damages; Performance Bond

A contract for the acquisition or provision of facilities, supplies, equipment, materials, or services related to the operation of the lottery must provide for liquidated damages and a performance bond in an amount equal to the executive director's best available estimate of the revenue that would be lost if the contractor fails to meet deadlines specified in the contract.

Tex. Gov't. Code § 466.102

Amended by Acts 1995, 74th Leg., ch. 76, Sec. 6.12, eff. 9/1/1995.
Added by Acts 1993, 73rd Leg., ch. 107, Sec. 4.03(b), eff. 8/30/1993.