1 Tex. Admin. Code § 53.88 - Transcripts of Proceedings: Certificates in Exchange for Services or Property
Regarding certificates delivered in exchange for service, or property, the following rules will apply to transcripts of proceedings.
(1) Executed claims and
accounts pursuant to section 4 of Article 2368a.1, must be furnished, along
with proper documentation of the chain of possession of same, whenever same are
funded or exchanged.
(2) A
resolution, ordinance, or order directing publication of notice to bidders must
be submitted.
(3) An ordinance or
order awarding contracts to the lowest responsible bidder, stating the contract
amount, naming the contractor, and authorizing execution of the contracts must
be submitted.
(4) Executed copies
of contracts and payment and performance bonds with supporting power of
attorney for each bond, for each contractor, must be submitted.
(5) Each change order must be documented by
executed change order and ordinance or order authorizing same, setting out
amount of increase or decrease, authorization to execute change order, and
method of payment for increases.
(6) An appropriation certificate is required
for all amounts to be paid with current funds pursuant to original contract or
change order.
(7) Each resolution,
ordinance, or order directing delivery of certificates must set out the number
of the claim or estimate being paid, the amount owing pursuant to claim or
estimate, the amount and specific numbers of certificates to be delivered, the
excess, if any, to be carried over or paid with current funds, and supported by
executed claim or estimate duly approved by engineer for issuer.
(8) Each delivery of certificates must
document the receipt of same and any current funds used in payment of a claim
or estimate, as well as all subsequent assignments of certificates.
(9) Each delivery of certificates must be
supported by an executed signature identification and no-litigation
certificate.
Notes
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