GroundRules
Tex. Local Government Code § 232.0045: FINANCIAL GUARANTEE IN LIEU OF BOND.
Where this section sits in the code
- LOCAL GOVERNMENT CODE
- TITLE 7. REGULATION OF LAND USE, STRUCTURES, BUSINESSES, AND RELATED ACTIVITIES
- SUBTITLE B. COUNTY REGULATORY AUTHORITY
- CHAPTER 232. COUNTY REGULATION OF SUBDIVISIONS
- SUBCHAPTER A. SUBDIVISION PLATTING REQUIREMENTS IN GENERAL
(a) In lieu of the bond an owner may deposit cash, a letter of credit issued by a federally insured financial institution, or other acceptable financial guarantee.
(b) If a letter of credit is used, it must:
(1) list as the sole beneficiary the county judge of the county in which the subdivision is located; and
(2) be conditioned that the owner of the tract of land to be subdivided will construct any roads or streets in the subdivision:
(A) in accordance with the specifications adopted by the commissioners court; and
(B) within a reasonable time set by the court.
Added by Acts 1989, 71st Leg., ch. 1, Sec. 54(b), eff. Aug. 28, 1989.
Collected 2026-08-27T01:47:27Z. Source file · JSON