Sec. 8501.104. OATH AND BOND REQUIREMENT FOR DIRECTOR. (a) A director shall, within 15 days after the date of appointment, qualify by taking the constitutional oath of office and by filing a good and sufficient bond with the secretary of state.
(b) The bond is subject to approval by the secretary of state and must:
(1) be in the amount of $1,000;
(2) be payable to the authority; and
(3) be conditioned on the faithful performance of the duties as a director.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
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