Sec. 565.0551. SURETY BOND. (a) The executive director of the board may require a license holder to submit a surety bond to the board in an amount as prescribed by board rule, not to exceed $25,000.
(b) The board may use a pharmacy's surety bond to secure the payment of a fine, fee, or penalty imposed on the pharmacy or costs incurred by the board in conducting an investigation of the pharmacy only under Section 565.002(a)(7) or (10) if the pharmacy fails to pay the fine, fee, penalty, or cost as prescribed by board rule.
Added by Acts 2019, 86th Leg., R.S., Ch. 895 (H.B. 3496), Sec. 4, eff. January 1, 2020.
Structure Texas Statutes
Subtitle J - Pharmacy and Pharmacists
Chapter 565 - Disciplinary Actions and Procedures; Reinstatement of License
Subchapter B. Disciplinary Actions and Procedures
Section 565.051. Discipline Authorized
Section 565.052. Submission to Mental or Physical Examination
Section 565.053. Discipline of Nonresident Pharmacy; Notice to Resident State
Section 565.054. Service of Process on Nonresident Pharmacy
Section 565.055. Investigation; Confidentiality of Information
Section 565.056. Informal Proceedings
Section 565.057. Monitoring of License Holder
Section 565.058. Subpoena Authority
Section 565.059. Temporary Suspension or Restriction of License
Section 565.0591. Revocation of Pharmacy License for Failure to Operate
Section 565.060. Remedial Plan
Section 565.061. Administrative Procedure