Texas Senate Bill SB1921

Texas 2009 - 81st Regular

Caption

Relating to the office of county treasurer.

Impact

The bill's adjustments aim to fortify the overall accountability and transparency in the management of county funds. By necessitating surety bonds, it ensures that there are additional layers of financial security, potentially decreasing the risk of financial misconduct. Similarly, the amendment allows the county treasurer to operate collections offices, which could lead to more efficient recovery of debts owed to the county, ultimately affecting the county's fiscal health positively.

Summary

SB1921, also known as the Act relating to the office of county treasurer, introduces several amendments to the Local Government Code pertaining to the responsibilities and financial management required of county treasurers. One of the key features of this bill is the mandate for county treasurers to secure surety bonds for their assistants or deputies, thereby enhancing the financial protection for the county against potential malfeasance by those officials. Counties will have the option to self-insure against any losses normally covered by such bonds, adding flexibility to financial management practices for local governments.

Contention

Notable points of contention regarding SB1921 may arise around the appropriateness and sufficiency of the new surety bond requirements and the possible financial burden that may be placed upon smaller counties. Critics might argue that the self-insurance option could lead to varying standards of financial security across different counties, leading to disparities in how they manage financial risk. Furthermore, discussions may focus on the overall efficacy of the provisions intended to streamline financial practices without imposing excessive regulations that could hinder local governance.