Texas Senate Bill SB265

Texas 2013 - 83rd Regular

Caption

Relating to bond requirements for county officers and employees, district attorneys, and criminal district attorneys.

Impact

The implementation of SB265 could significantly impact how counties manage risk and financial responsibilities. By enabling self-insurance, counties have the option to allocate funds more efficiently in addressing employee liabilities without the upfront costs typically associated with bonding. This could lead to a more streamlined and cost-effective approach to managing county officials' duties, thereby fostering operational efficiency.

Summary

SB265 is a legislative amendment that addresses bond requirements for county officers and employees, including district attorneys and criminal district attorneys. The bill allows for the authorization of self-insurance against losses, meaning that under certain conditions, county officers and employees are not required to execute traditional bonds. This change aims to provide greater flexibility for counties, potentially reducing costs associated with securing bonds.

Contention

While the bill has garnered support for its potential to ease financial burdens on counties, there are concerns about the implications of allowing self-insurance. Critics argue that this change could lead to insufficient coverage for losses that would traditionally be guaranteed through bonds, potentially increasing risks for the counties involved. There are also discussions surrounding the adequacy of oversight in terms of financial management and responsibility when relying on self-insurance models.