Sec. 394.024.  BOND.  (a)  The commission by rule may require an applicant for a permit to file with the commission a surety bond or other security in a reasonable amount.
(b)  The bond or other security must be payable to the commission to reimburse the commission for the cost of removing a sign unlawfully erected or maintained by a permit holder.
(c)  A rule adopted under Subsection (a) must exempt an applicant from filing a bond or other security if the applicant has:
(1)  held at least five permits under this chapter for at least one year;  and
(2)  not violated this chapter or a rule adopted under this chapter during the preceding 12 months.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.