Texas Education Code

§ 51.160 — BOND OF OFFICER, AGENT, OR EMPLOYEE

ED § 51.160Title 3. HIGHER EDUCATION · Part A. HIGHER EDUCATION IN GENERAL · Ch. 51. PROVISIONS GENERALLY APPLICABLE TO HIGHER EDUCATION · Art. D. INFORMATION NETWORK ASSOCIATIONS

Statute text

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(a)The general manager and every agent or employee of the association charged with the collection, custody, or payment of any money of the association shall execute a bond conditioned on the faithful performance of his duties.

(b)The board shall approve the form, amount, and surety of the bond.

(c)The surety may be a surety company authorized to do business in this state.

(d)The association shall pay the premium on the bond.

Legislative history

Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.