Sec. 5004.154. BOND OF CERTAIN OFFICERS, AGENTS, AND EMPLOYEES. (a) Each officer, agent, or employee of the district who is charged with the collection, custody, or payment of district money shall give bond conditioned on the faithful performance of the person's duties and accounting for all money and property of the district coming into the person's hands.
(b) The bond must be in a form and manner and with a surety authorized to do business in this state approved by the board.
(c) The district shall pay the premium on the bond and charge the premium as an operating expense.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.04, eff. April 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Navigation Districts and Port Authorities
Chapter 5004 - Cypress Valley Navigation District
Subchapter D. General Financial Provisions
Section 5004.151. Form of Accounts; Maintenance of Records; Public Inspection
Section 5004.152. Filing Copies of Audit Report
Section 5004.153. Procedure for Distribution of Money
Section 5004.154. Bond of Certain Officers, Agents, and Employees
Section 5004.155. Authority to Borrow Money, Accept Grants, and Issue Associated Revenue Bonds
Section 5004.156. Authority to Borrow Money for Current Expenses; Evidence of Obligation