Texas Special District Local Laws Code § 1078.055 Bond; Record Of Bond

Sec. 1078.055. BOND; RECORD OF BOND. (a) Before assuming the duties of office, each director must execute a bond for $5,000 that is:

(1) payable to the district; and

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

(b) The board may pay for a director's bond with district money.

(c) The bond shall be kept in the permanent records of the district.

Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.

Section: Previous  1078.004  1078.005  1078.006  1078.051  1078.052  1078.053  1078.054  1078.055  1078.056  1078.057  1078.058  1078.059  1078.060  1078.061  1078.062  Next

Last modified: September 28, 2016