Sec. 702.153. REQUIREMENTS FOR SECURITY OTHER THAN SURETY BOND

Latest version.

An applicant who posts under Section 702.151 security other than a surety bond is:
(1) not required to post other security annually if the applicant maintains security in the amount of $20,000; and
(2) entitled to receive the interest that accumulates on the other security posted.

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.

                    
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