Primary Department: Management and Budget
Primary Department Head/Elected Official: Daniel Ramos
Secondary Department: Choose an item.
Secondary Department Head/Elected Official:
Regular or Supplemental RCA: Supplemental RCA
Type of Request: Financial Authorization
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
Request Summary (Agenda Caption):
title
Request by the Office of Management and Budget for approval to self-insure the bond requirements in lieu of purchasing bonds for certain Harris County employees in accordance with Sections 82.002(b) and 83.008(b) of the Texas Local Government Code.
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Background and Discussion:
Section 82.002 of the Texas Local Government Code requires the County Clerk to execute one or more surety bonds to cover each deputy clerk or other employee. In lieu of the County Clerk obtaining a bond, the statute allows the County to self-insure against losses that would have been covered by the bond.
In addition, Section 83.008 of the Texas Local Government requires the County Treasurer to execute bonds to cover an assistant treasurer, deputy treasurer, and all other employees of the office. In lieu of the County Treasurer obtaining a bond, the County may self-insure against losses that would have been covered by the bond.
It is recommended to self-insure the bond requirements under Sections 82.002 and 83.008 of the Texas Local Government Code effective January 1, 2025. Upon approval, the order will be kept and recorded by the County Clerk.
Expected Impact: N/A
Alternative Options:
The County could consider purchasing bonds for these officials instead of self-insuring the requirements...
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