Texas Special District Local Laws Code § 1022.055 Bond

Sec. 1022.055. BOND. (a) Each director shall execute a good and sufficient bond for $10,000 that is:

(1) payable to the district; and

(2) conditioned on the faithful performance of the director's duties.

(b) The district shall pay for the directors' bonds.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Section: Previous  1022.005  1022.006  1022.007  1022.051  1022.052  1022.053  1022.054  1022.055  1022.056  1022.057  1022.058  1022.059  1022.060  1022.061  1022.062  Next

Last modified: September 28, 2016