Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 1. ADMINISTRATION |
PART 3. OFFICE OF THE ATTORNEY GENERAL |
CHAPTER 53. MUNICIPAL SECURITIES |
SUBCHAPTER E. APPROVAL OF ISSUES OF CERTIFICATES OF OBLIGATION |
SECTION 53.72. Increases in Original Contract Price
Latest version.
-
No original contract price may be increased by more than 25% (regardless of the intended source of funds to provide for such increase), nor shall any original contract be decreased by more than 25% without the consent of the contractor to such decrease.
Source Note: The provisions of this §53.72 adopted to be effective January 1, 1976.