Texas Special District Local Laws Code

§ 1073.054 — BOND

SD § 1073.054Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1073. NORTH RUNNELS COUNTY HOSPITAL DISTRICT · Art. B. DISTRICT ADMINISTRATION

(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.

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.