BOND.
Tex. SPEC. DIST. LOCAL LAWS Code § 11006.105.
in effectEach 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.
