Section 565.0551 - Surety Bond(a) The executive director of the board may require a license holder to submit a surety bond to the board in an amount as prescribed by board rule, not to exceed $25,000.(b) The board may use a pharmacy's surety bond to secure the payment of a fine, fee, or penalty imposed on the pharmacy or costs incurred by the board in conducting an investigation of the pharmacy only under Section 565.002(a)(7) or (10) if the pharmacy fails to pay the fine, fee, penalty, or cost as prescribed by board rule.Tex. Occ. Code § 565.0551
Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 895,Sec. 4, eff. 1/1/2020.