# Tex. Occupations Code § 2025.057: BOND

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.057

## Section

- **Citation:** Tex. Occupations Code § 2025.057
- **Heading:** BOND
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code oc / Chapter 2025 / Section 2025.057

## Text

(a) The commission may, at any time, require a holder of or applicant for a racetrack license to post security in an amount reasonably necessary, as provided by commission rule, to adequately ensure the license holder's or applicant's compliance with substantive requirements of this subtitle and commission rules.

(b) The following are acceptable as security for purposes of this section:

(1) cash;

(2) a cashier's check;

(3) a surety bond;

(4) an irrevocable bank letter of credit;

(5) a United States Treasury bond that is readily convertible to cash; or

(6) an irrevocable assignment of a federally insured deposit in a bank, savings and loan institution, or credit union.

(c) The security described by Subsection (b) must be:

(1) conditioned on compliance with this subtitle and commission rules adopted under this subtitle; and

(2) returned after satisfying the conditions of the security.

## Nearby sections

- [Tex. Occupations Code § 2025.001 § 2025.001. COMMISSION LICENSING DUTIES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.001.md)
- [Tex. Occupations Code § 2025.002 § 2025.002. LICENSE AS PRIVILEGE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.002.md)
- [Tex. Occupations Code § 2025.003 § 2025.003. FINGERPRINTS REQUIRED.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.003.md)
- [Tex. Occupations Code § 2025.051 § 2025.051. RACETRACK LICENSE REQUIRED; CRIMINAL PENALTY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.051.md)
- [Tex. Occupations Code § 2025.052 § 2025.052. APPLICATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.052.md)
- [Tex. Occupations Code § 2025.053 § 2025.053. APPLICATION FEE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.053.md)
- [Tex. Occupations Code § 2025.054 § 2025.054. MANAGEMENT, CONCESSION, AND TOTALISATOR CONTRACTS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.054.md)
- [Tex. Occupations Code § 2025.055 § 2025.055. CONFIDENTIALITY OF APPLICATION DOCUMENTS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.055.md)
- [Tex. Occupations Code § 2025.056 § 2025.056. BACKGROUND CHECK.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.056.md)
- [Tex. Occupations Code § 2025.057 § 2025.057. BOND.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.057.md)
- [Tex. Occupations Code § 2025.058 § 2025.058. NOTIFICATION OF COMPLETED APPLICATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.058.md)
- [Tex. Occupations Code § 2025.101 § 2025.101. LICENSE ELIGIBILITY REQUIREMENTS AND LIMITATIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.101.md)
- [Tex. Occupations Code § 2025.102 § 2025.102. QUALIFICATIONS FOR ISSUANCE OF RACETRACK LICENSE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.102.md)
- [Tex. Occupations Code § 2025.103 § 2025.103. ISSUANCE OF TEMPORARY LICENSE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.103.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Coc_C2025_S2025.057. Check the current official text before relying on it. Not legal advice.