Sec. 5010.0209. SURETY BOND. (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:
(1) the faithful performance of the person's duties; and
(2) an accounting of all money and property of the district coming into the person's possession.
(b) The bond must be in a form and manner and with a surety approved by the board, and the surety on the bond must be a surety company authorized to do business in this state.
(c) The district shall pay the premium on the bond and charge the premium as an operating expense.
Added by Acts 2019, 86th Leg., R.S., Ch. 495 (H.B. 4666), Sec. 1, eff. September 1, 2019.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Navigation Districts and Port Authorities
Chapter 5010 - Port of Beaumont Navigation District of Jefferson County, Texas
Subchapter B. District Administration
Section 5010.0201. Board of Port Commissioners; Term; Election
Section 5010.0202. Elections; Wards; Qualifications
Section 5010.0203. Placing Candidate on Ballot
Section 5010.0204. Commissioner's Oath and Bond
Section 5010.0205. Compensation of Commissioners; Expenses
Section 5010.0207. Officers and Employees
Section 5010.0209. Surety Bond
Section 5010.0210. District Office