116.085 – SOLVENCY OF PERSONAL SURETY. (a) At least twice
Texas Local Government Code § 116.085
Summary
This law requires the commissioners court to assess the financial stability of personal sureties on bonds securing county deposits at least twice a year. It ensures that sureties provide accurate financial statements and disclose any real property they own, which is crucial for maintaining the integrity of county funds.
Commissioners court must assess surety solvency biannually.
Sureties may need to submit detailed financial statements.
Real property ownership must be disclosed if required.
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In simple terms: Learn about Texas's SOLVENCY OF PERSONAL SURETY. (a) At least twice law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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