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Tex. Special District Local Laws Code § 8508.0063

DIRECTORS' AND EMPLOYEES' FIDELITY BONDS

Texas · Texas Special District Local Laws Code · Status: effective

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Tex. Special District Local Laws Code § 8508.0063, DIRECTORS' AND EMPLOYEES' FIDELITY BONDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/618709
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(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.