By: Morales of Maverick H.B. No. 5240       A BILL TO BE ENTITLED   AN ACT   relating to the statute of limitations for a suit on performance   bonds.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Sec. 2253.078(a), Government Code, is amended to   read as follows:          (a)  A suit on a performance bond may not be brought after the   first anniversary of the earlier of: (1) the date of final   completion, (2) the date of abandonment, or (3) the date of   termination of the public work contract.          SECTION 2.  This act takes effect September 1, 2023.