Texas Government Code Title 6, Chapter 653 - Bonds Covering Certain State Officers And Employees

• Texas Section 653.001 - Short Title
  This chapter may be cited as the State Employee Bonding Act. Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
• Texas Section 653.002 - Legislative Intent
  The intent of the legislature in enacting this chapter is to limit the purchase of surety bonds by state agencies in order that the state,...
• Texas Section 653.003 - Definitions
  In this chapter: (1) "Surety bond" means any bond, including a bond for a notary public under Section 406.010, that obligates a surety to pay...
• Texas Section 653.004 - Authority To Purchase Bonds
  (a) Notwithstanding any other law that authorizes or requires a state officer or employee to obtain a surety bond, a state agency may purchase a...
• Texas Section 653.005 - Scope And Amount Of Bond Coverage
  Unless the amount of bond coverage is established as provided by Subsections (a)(1) and (a)(2) of Section 653.004, the office shall determine the necessary scope...
• Texas Section 653.006 - Terms Of Bonds
  A bond may be purchased for three-year coverage. Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
• Texas Section 653.007 - Writing Of Bonds
  (a) Only an insurance company authorized to act as surety in this state may write a bond under this chapter. (b) A bond under this...
• Texas Section 653.008 - Filing And Custody Of Bonds
  (a) One original of each bond shall be filed with the secretary of state. (b) One original of each bond shall be filed with the...
• Texas Section 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...
• Texas Section 653.010 - Attorney General Authorized To Recover Loss
  The attorney general, on notice by an agency of a loss covered by a bond under this chapter, may: (1) immediately bring or cause to...
• Texas Section 653.011 - Deposit Of Recovery
  A recovery of a loss or a recovery on a bond under this chapter shall be deposited to the credit of the fund from which...
• Texas Section 653.012 - Qualification For Office Or Employment
  Notwithstanding any other law that requires a state officer or employee to obtain a surety bond, a state officer or employee otherwise qualified to hold...

Last modified: September 28, 2016