Fidelity Bonds

The Association is authorized to purchase fidelity bonds in the amounts required by the Governing Committee. The bonds shall reimburse the Association for any pecuniary loss it may sustain by any act or acts of fraud or dishonesty on the part of members of the Governing Committee, Association officers or employees in the discharge of their duties.

Source Note: The provisions of this §5.9921 adopted to be effective May 28, 2003, 28 TexReg 4153.