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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The general manager and each employee of the authority charged with the collection, custody, or payment of the authority's money shall execute a fidelity bond.
(b) The board must approve the form, amount, and surety of each bond.
(c) The authority shall pay the premium on each bond.
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 8104.153. Bond of General Manager and Certain Employees - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-8104-153/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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