Sec. 653.009. PAYMENT OF PREMIUMS. The state, as beneficiary, shall pay premiums on bonds under this chapter from:
(1) money appropriated by the legislature for that purpose;
(2) money appropriated by the legislature to a state agency that may be used for:
(A) administration or administration expense;
(B) operation expense;
(C) general operation expense;
(D) maintenance;
(E) miscellaneous expense; or
(F) contingencies; or
(3) money of a state agency that:
(A) is outside the state treasury; and
(B) may be used by the agency for operational expenses of the agency.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1999, 76th Leg., ch. 1498, Sec. 2, eff. Sept. 1, 1999.
Structure Texas Statutes
Title 6 - Public Officers and Employees
Subtitle B - State Officers and Employees
Chapter 653 - Bonds Covering Certain State Officers and Employees
Section 653.002. Legislative Intent
Section 653.004. Authority to Purchase Bonds
Section 653.005. Scope and Amount of Bond Coverage
Section 653.006. Terms of Bonds
Section 653.007. Writing of Bonds
Section 653.008. Filing and Custody of Bonds
Section 653.009. Payment of Premiums
Section 653.010. Attorney General Authorized to Recover Loss