Tex. Spec. Dist. Local Laws Code § 8512.0208 · Subchapter B. BOARD OF DIRECTORS; ADMINISTRATIVE PROVISIONS
SURETY BONDS.
Not yet in force
Text of section effective on April 01, 2027
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The general manager, the treasurer, and any other authority officer, agent, or employee who is charged with the collection, custody, or payment of authority money shall give bond conditioned on:
(1) the faithful performance of the person's duties; and
(2) an accounting for all authority money and property coming into the person's possession.
(b) The bond must be in a form and amount and with a surety company approved by the board that is authorized to do business in this state.
(c) The authority shall pay the premium on the bond and charge the premium as an operating expense.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615), Sec. 1.02, eff. April 1, 2027.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8512.htm
- Text hash
- sha256 3d3e389a8f2841039b7ba780cfd6b2f138175524bcefe4c2457df98455331920
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.