Texas Special District Local Laws Code § 11006.105 Bond

Sec. 11006.105. BOND. Each director shall execute a good and sufficient bond for $5,000 that is:

(1) payable to the authority; and

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

Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.07, eff. April 1, 2017.

Text of section effective on April 01, 2017

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Last modified: September 28, 2016