Sec. 2310.411.  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 a readjustment zone;  and
(2)  the amount of the contract does not exceed $200,000.
Added by Acts 1997, 75th Leg., ch. 114, Sec. 1, eff. May 19, 1997.