Sec. 1073.054. BOND. (a) The board may require all district officers and employees charged with handling money to furnish a good bond for not less than $5,000 that is:
(1) payable to the district;
(2) conditioned on the faithful performance of the officer's or employee's duties; and
(3) signed by a surety company authorized to do business in this state.
(b) The board may pay for the bond with district money.
(c) The district shall pay the premiums on the bond.
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.
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