Texas Special District Local Laws Code 8508.0063 – Directors’ and Employees’ Fidelity Bonds
Current as of: 2024 | Check for updates
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(a) The executive director, the treasurer, and any other officer, agent, or employee of the authority who has responsibilities that involve the collection, custody, or payment of authority money shall execute a fidelity bond.
(b) The board must approve the form, amount, and surety of the bond.
(c) The authority shall pay the premiums on the bonds required under this chapter.