Tex. Nat. Res. Code § 131.205 · Subchapter E. BONDS AND DEPOSITS
SECURITY FOR BOND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The bond shall be executed by the operator and a corporate surety licensed to do business in this state, or the operator may elect to deposit cash or negotiable securities acceptable to the commission, or an assignment of a savings account in a Texas bank on an assignment deposit form prescribed by the commission's rules.
(b) A cash deposit or market value of the substitute collateral shall be equal to or greater than the amount of the bond required for the bonded area.
(c) Cash or other substitute collateral shall be deposited on the same terms as the terms on which surety bonds may be deposited.
Notes and commentary — not statutory text
History
Acts 1977, 65th Leg., p. 2627, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/NR/htm/NR.131.htm
- Text hash
- sha256 633cf58d590fb8dad8bce9bea33068f8a71c9d500547481920f6b359a6948e36
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.