BOND REQUIREMENT FOR DIRECTORS AND OFFICERS.
Tex. SPEC. DIST. LOCAL LAWS Code § 8513.0207.
in effect(a) Not later than the 15th day after the date of an election or appointment of a director or officer, the director or officer shall file a good and sufficient bond with the board secretary.
(b) The bond must be:
(1) in the amount of $5,000;
(2) payable to the authority;
(3) conditioned on the faithful performance of duties as a director or officer; and
(4) subject to approval by the board secretary.
Added by Acts 2025, 89th Leg., R.S., Ch. 240 (H.B. 2692 ), Sec. 1, eff. May 29, 2025.