Sec. 8511.0215. DIRECTORS' AND EMPLOYEES' FIDELITY BONDS
- (a) The executive director, the treasurer, and each of the authority's officers, agents, or employees who is charged with the collection, custody, or payment of authority money shall execute a fidelity bond.
- (b) The board must approve the bond's form, amount, and surety.
- (c) The authority shall pay the premiums on the bond.
Added by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530), Sec. 1.03, eff. April 1, 2023.