Texas § 653.004 AUTHORITY TO PURCHASE BONDS.

Texas Statutes

§ 653.004 — AUTHORITY TO PURCHASE BONDS.

Texas § 653.004

Code GVGovernment Code

This text of Texas § 653.004 (AUTHORITY TO PURCHASE BONDS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 653.004 (2026).

Text

Sec. 653.004. AUTHORITY TO PURCHASE BONDS.

(a)Notwithstanding any other law that authorizes or requires a state officer or employee to obtain a surety bond, a state agency may purchase a surety bond for a state officer or employee only if:

(1)required by the constitution of the state or by federal law or regulation;

(2)required by court order; or

(3)approved by the office.

(b)The office may approve the purchase of a surety bond if:

(1)the office finds that the surety bond is warranted by a substantial or unusual risk of loss; or

(2)the office otherwise determines that the purchase of a surety bond is necessary to protect the interests of the state.

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Sec. 653.004. AUTHORITY TO PURCHASE BONDS. (a) Notwithstanding any other law that authorizes or requires a state officer or employee to obtain a surety bond, a state agency may purchase a surety bond for a state officer or employee only if:
(1) required by the constitution of the state or by federal law or regulation;
(2) required by court order; or
(3) approved by the office.
(b) The office may approve the purchase of a surety bond if:
(1) the office finds that the surety bond is warranted by a substantial or unusual risk of loss; or
(2) the office otherwise determines that the purchase of a surety bond is necessary to protect the interests of the state.

Legislative History

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 8.42, eff. Sept. 1, 1997; Acts 2001, 77th Leg., ch. 1017, Sec. 1.12, eff. Sept. 1, 2002.