Each private nonprofit organization directly receiving grant funds from the MVCPA must secure and maintain a commercial bond against the loss or theft of MVCPA grant funds.

Source Note: The provisions of this §57.11 adopted to be effective January 21, 1993, 18 TexReg 159; transferred effective February 24, 1998, as published in the Texas Register March 6, 1998, 23 TexReg 2399; amended to be effective November 14, 1999, 24 TexReg 10146; amended to be effective December 10, 2007, 32 TexReg 9132; amended to be effective March 1, 2020, 45 TexReg 1443