SECTION 3.2515. Bonding

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Each nonprofit corporation receiving funds from the OOG must obtain and have on file a blanket fidelity bond that indemnifies the OOG against the loss and theft of the entire amount of grant funds. The cost of the bond is an eligible expense of the grant.

Source Note: The provisions of this §3.2515 adopted to be effective February 24, 2000, 25 TexReg 1297; amended to be effective July 16, 2000, 25 TexReg 6485; amended to be effective December 16, 2002, 27 TexReg 11729; amended to be effective June 9, 2004, 29 TexReg 5575; amended to be effective April 27, 2021, 46 TexReg 2709

                    
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