Sec. 2303.514.  WAIVER OF PERFORMANCE BOND.  A subcontractor is not required to execute a performance bond under Chapter 2253 if:
(1)  the construction, alteration, repair, or other public work to be performed under the contract is entirely in an enterprise zone;  and
(2)  the amount of the contract does not exceed $200,000.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 985, Sec. 9, eff. Sept. 1, 1995.