Sec. 286.046. BOND. (a) Before assuming the duties of the office, each director must execute a bond for $5,000 payable to the district, conditioned on the faithful performance of the person's duties as director.
(b) The bond shall be kept in the permanent records of the district.
(c) The board may pay for directors' bonds with district funds.
Added by Acts 1991, 72nd Leg., ch. 14, Sec. 121, eff. Sept. 1, 1991.
Section: Previous 286.029 286.030 286.041 286.042 286.043 286.044 286.045 286.046 286.047 286.048 286.049 286.050 286.051 286.052 286.053 NextLast modified: September 28, 2016