Texas Special District Local Laws Code 1073.054 – Bond
Current as of: 2024 | Check for updates
|
Other versions
(a) The board may require all district officers and employees charged with handling money to furnish a good bond for not less than $5,000 that is:
(1) payable to the district;
(2) conditioned on the faithful performance of the officer’s or employee’s duties; and
(3) signed by a surety company authorized to do business in this state.
(b) The board may pay for the bond with district money.
Terms Used In Texas Special District Local Laws Code 1073.054
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
(c) The district shall pay the premiums on the bond.