Sec. 8834.064. BOND FOR EMPLOYEE RESPONSIBLE FOR MONEY  


Latest version.
  • (a) The board shall require an employee who collects, pays, or handles district money to provide a good and sufficient bond that is:

    (1) in an amount sufficient to safeguard the district;

    (2) payable to the district; and

    (3) conditioned on:

    (A) the faithful performance of the employee's duties; and

    (B) accounting for all district money and property under the employee's control.

    (b) The district shall pay for the bond.

Added by Acts 2009, 81st Leg., R.S., Ch. 1139 , Sec. 1.05, eff. April 1, 2011.