Issue Date:
Revised Date: 2002-09-01

Object Type

Cash — Other Expenditures

Reference

Description

To record the payment of employee surety bond premiums when required by the Texas Constitution, federal law or regulation, or by court order, or when approved by the State Office of Risk Management (SORM). This code requires legal descriptive text and pre-payment audit approval by SORM.

Expenditure code 7205 includes, but is NOT limited to:

  • Employee Bonds
  • Honesty Bonds
  • Peace Officer Bond
  • Surety Bond

Note

Generally, state law limits the types of insurance state agencies may purchase and under what conditions.

USAS Values

Appropriation Year 20
USAS Title EMPLOYEE BONDS
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 04 – OTHER EXPENDITURES