Texas § SD.8506.057 - SURETY BONDS

Full text of Texas The Texas Constitution § SD.8506.057 — SURETY BONDS, with citation guidance and answers to common questions.

§ SD.8506.057. SURETY BONDS

SURETY BONDS. (a) The presiding officer, the treasurer, and any other officer, agent, or employee of the authority who is charged with the collection, custody, or payment of authority money shall give bond conditioned on: (1) the faithful performance of the person's duties; and (2) an accounting for all money and property of the authority coming into the person's possession. (b) The bond must be in a form and amount and with a surety approved by the board, and the surety on the bond must be a surety company authorized to do business in this state. (c) The authority shall pay the premium on the bond and charge the premium as an operating expense. (d) The bond must be payable to the board for the use and benefit of the authority. Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162 ), Sec. 1.05, eff. April 1, 2017.

Related Texas Legal Topics

Frequently Asked Questions About Texas § SD.8506.057

What does The Texas Constitution § SD.8506.057 cover?

Section SD.8506.057 ("SURETY BONDS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § SD.8506.057?

A common citation format is "The Texas Constitution § SD.8506.057" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § SD.8506.057 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.