Texas Statutes
§ 8506.057 — SURETY BONDS.
Texas § 8506.057
JurisdictionTexas
Code SDSpecial District Local Laws Code
This text of Texas § 8506.057 (SURETY 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. Special District Local Laws Code Code Ann. § 8506.057 (2026).
Text
Sec. 8506.057. SURETY BONDS.
(a)The presiding officer, the treasurer, and any other officer, agent, or employee of the authority 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 money and property of the authority coming into the person's possession.
(b)The bond must be in a form and amount 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 authority shall pay the premium on the bond and charge the premium as an operating expense.
(d)The bond must be payable to the board for the use and benefit of the authority.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162 ), Sec. 1.05, eff. April 1, 2017.
Nearby Sections
15
§ 8506.001
DEFINITIONS.§ 8506.002
CREATION AND NATURE OF AUTHORITY.§ 8506.0021
APPLICATION OF SUNSET ACT.§ 8506.003
TERRITORY.§ 8506.004
LIBERAL CONSTRUCTION OF CHAPTER.§ 8506.051
MEMBERSHIP OF BOARD.§ 8506.052
TERMS.§ 8506.053
REMOVAL.§ 8506.054
VACANCY.§ 8506.055
VOTING REQUIREMENT.§ 8506.056
OFFICERS AND EMPLOYEES.§ 8506.057
SURETY BONDS.§ 8506.058
AUTHORITY'S OFFICE AND DOMICILE.§ 8506.059
CONFLICT OF INTEREST; CRIMINAL PENALTY.§ 8506.060
DIRECTOR TRAINING PROGRAM.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 8506.057, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/SD/8506.057.