Texas Special District Local Laws Code 8511.0215 – Directors’ and Employees’ Fidelity Bonds
Current as of: 2024 | Check for updates
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(a) The executive director, the treasurer, and each of the authority’s officers, agents, or employees who is charged with the collection, custody, or payment of authority money shall execute a fidelity bond.
(b) The board must approve the bond’s form, amount, and surety.
(c) The authority shall pay the premiums on the bond.
