Directors' and Employees' Fidelity Bonds

Sec. 8511.0215. DIRECTORS' AND EMPLOYEES' FIDELITY BONDS. (a) The executive director, the treasurer, and each of the authority's officers, agents, or employees who is charged with the collection, custody, or payment of authority money shall execute a fidelity bond. (b) The board must approve the bond's form, amount, and surety. (c) The authority shall pay the premiums on the bond. Added by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530), Sec. 1.03, eff. April 1, 2023.