Texas § 5010.0209 SURETY BOND.

Texas Statutes

§ 5010.0209 — SURETY BOND.

Texas § 5010.0209

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 5010.0209 (2026).

Text

Sec. 5010.0209. SURETY BOND.

(a)Each officer, agent, or employee of the district who is charged with the collection, custody, or payment of district money shall give bond conditioned on:

(1)the faithful performance of the person's duties; and

(2)an accounting of all money and property of the district coming into the person's possession.

(b)The bond must be in a form and manner and with a surety approved by the board, and the surety on the bond must be a surety company authorized to do business in this state.

(c)The district shall pay the premium on the bond and charge the premium as an operating expense.

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Sec. 5010.0209. SURETY BOND. (a) Each officer, agent, or employee of the district who is charged with the collection, custody, or payment of district money shall give bond conditioned on:
(1) the faithful performance of the person's duties; and
(2) an accounting of all money and property of the district coming into the person's possession.
(b) The bond must be in a form and manner and with a surety approved by the board, and the surety on the bond must be a surety company authorized to do business in this state.
(c) The district shall pay the premium on the bond and charge the premium as an operating expense.