The Texas Timber Permit Bond is required for businesses that transport unrefined timber, wood chips and woody biomass.
The bond expires one year from its effective date and must be paid up annually to remain in effect. The Texas Timber Permit Bond requires that the Principal comply with the provisions of Section 623.321, Section 623.323 of the Texas Transportation Code, Texas Department of Transportation Commission, County Commissioners Court, and the rules, regulations, specifications, ordinances, and laws of the State of Texas and the Texas Department of Transportation.
State of Texas
Texas Dept of Transportation, Motor Vehicle Division
4000 Jackson Ave
Austin, TX 78731
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A surety bond is a three-party agreement among a principal, an obligee, and a surety.
The bond formalizes the principal's obligation to the obligee. The surety guarantees that the principal will fulfill their obligation.
