Tex. Loc. Gov't Code § 232.0045 · Subchapter A. SUBDIVISION PLATTING REQUIREMENTS IN GENERAL
FINANCIAL GUARANTEE IN LIEU OF BOND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Added by Acts 1989, 71st Leg., ch. 1, Sec. 54(b), eff. Aug. 28, 1989.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.232.htm
- Text hash
- sha256 b29dd8947437a98d9ee0d28dbc1eb7c74830ec32f59f6f7d3872d392047cc568
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
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Local Government Code
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