Sec. 5010.0209. SURETY BOND. (a) Each officer, agent, or employee of the district who is charged with the collection, custody, or payment of district money shall give bond conditioned on:
(1) the faithful performance of the person's duties; and
(2) an accounting of all money and property of the district coming into the person's possession.
(b) The bond must be in a form and manner 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 district shall pay the premium on the bond and charge the premium as an operating expense.
Added by Acts 2019, 86th Leg., R.S., Ch. 495 (H.B. 4666), Sec. 1, eff. September 1, 2019.
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