Text of section effective on April 01, 2023
Sec. 8511.0215. DIRECTORS' AND EMPLOYEES' FIDELITY BONDS. (a) The executive director, the treasurer, and each of the authority's officers, agents, or employees who is charged with the collection, custody, or payment of authority money shall execute a fidelity bond.
(b) The board must approve the bond's form, amount, and surety.
(c) The authority shall pay the premiums on the bond.
Added by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530), Sec. 1.03, eff. April 1, 2023.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle G - River Authorities
Chapter 8511 - Nueces River Authority
Subchapter B. Board of Directors; Administrative Provisions
Section 8511.0201. Membership of Board
Section 8511.0206. Bond Requirement for Directors
Section 8511.0207. Compensation of Directors
Section 8511.0210. Executive Director
Section 8511.0211. Director Training Program
Section 8511.0212. Interest in Contract
Section 8511.0213. Separation of Policymaking and Management Functions
Section 8511.0214. Public Testimony
Section 8511.0215. Directors' and Employees' Fidelity Bonds
Section 8511.0216. Authority's Office
Section 8511.0218. Alternative Dispute Resolution Procedures