Sec. 51.160. BOND OF OFFICER, AGENT, OR EMPLOYEE. (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.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 51 - Provisions Generally Applicable to Higher Education
Subchapter D. Information Network Associations
Section 51.1521. Interagency Contracts for Networks
Section 51.153. Western Information Network Association
Section 51.154. Board of Directors
Section 51.155. Director's Expenses
Section 51.156. Meetings of the Board; Quorum; Action by Board
Section 51.157. Chairman, Vice Chairman
Section 51.158. General Manager, Employees
Section 51.159. Delegation of Authority
Section 51.160. Bond of Officer, Agent, or Employee
Section 51.161. Powers and Duties of Association
Section 51.162. Gifts and Grants
Section 51.163. Information Network Association Fund
Section 51.164. Rules and Regulations
Section 51.165. Principal Office
Section 51.167. Designation of Regions for Additional Associations
Section 51.168. Creation of Additional Associations
Section 51.169. Provisions Applicable to Additional Associations
Section 51.171. Revenue Refunding Bonds