Sec. 59.22. VETERINARY MEDICAL DIAGNOSTIC PROFESSIONAL LIABILITY FUND. (a) The board may establish a separate self-insurance fund to pay any damages adjudged in a court of competent jurisdiction or a settlement of any veterinary malpractice claim against a member of the professional staff arising from the exercise of his appointment or duties with the Texas Veterinary Medical Diagnostic Laboratory.
(b) The board may pay from the fund all expenses incurred in amounts and at intervals determined by the board.
(c) The board may receive and accept any gifts or donations into the fund.
(d) The board may invest money deposited in the fund, and any income received shall be retained in the fund. The money shall be deposited in any of the approved depository banks of The Texas A&M University System. All expenditures from the fund shall be paid pursuant to approval by the board.
Added by Acts 1989, 71st Leg., ch. 2, Sec. 6.02(a), eff. Aug. 28, 1989.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 59 - Health Care Professional Malpractice Coverage for Certain Institutions
Subchapter B. Veterinary Malpractice Coverage Purchased by Texas A&m
Section 59.22. Veterinary Medical Diagnostic Professional Liability Fund
Section 59.24. Purchase of Insurance
Section 59.26. Limitation on Appropriated Funds