Sec. 8508.0063. DIRECTORS' AND EMPLOYEES' FIDELITY BONDS
- (a) The executive director, the treasurer, and any other officer, agent, or employee of the authority who has responsibilities that involve the collection, custody, or payment of authority money shall execute a fidelity bond.
- (b) The board must approve the form, amount, and surety of the bond.
- (c) The authority shall pay the premiums on the bonds required under this chapter.
Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.03, eff. April 1, 2021.