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Texas Local Government Code - LOC GOV'T § 81.025. County Risk Management Pool Coverage Instead of Bonds

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Instead of a bond required by law to be executed by a county officer before taking office, the commissioners court may authorize the officer to obtain coverage from a county government risk management pool created under Chapter 119.

(b) Coverage obtained under this section must:

(1) be in an amount that is at least equal to the amount of the bond that would otherwise be required by law;

(2) satisfy all other conditions applicable to the bond; and

(3) be approved, recorded, and filed in the manner required by law for the bond.

(c) An officer who obtains coverage instead of a bond under this section satisfies the bond requirements that are imposed on the individual by other law.

(d) To the extent of a conflict between this section and other law, this section controls.

(e) This section does not apply to coverage obtained under Section 43.002 or 44.002, Government Code.

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Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 81.025. County Risk Management Pool Coverage Instead of Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-81-025/

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