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TX HB5435
Bill
Status
6/20/2025
Primary Sponsor
Keith Bell
Click for details
AI Summary
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Exempts institutions of higher education from the requirement to include a 90-day notice of commencement clause in leases of public property to nongovernmental entities
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Maintains existing requirements for all other governmental entity leases, including mandatory terms requiring contractors to execute payment bonds and performance bonds for construction, alteration, or repair work on leased public property
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Performance bonds must equal the full contract amount and ensure faithful completion of work according to plans and specifications
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Applies only to leases entered into on or after September 1, 2025
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Passed the House 145-1 on May 8, 2025, and the Senate 31-0 on May 28, 2025
Legislative Description
Relating to required lease terms for public property leased to a nongovernmental entity.
Property Interests
Last Action
Effective on 9/1/25
6/20/2025