Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1063.059 - Bond; Record of Bond(a) Each director shall execute a good and sufficient bond for $1,000 that is: (1) payable to the district; and(2) conditioned on the faithful performance of the director's duties.(b) Each director's bond shall be deposited with the district's depository bank for safekeeping.
Tex. Spec. Dist. Loc. Laws § 1063.059
Added by Acts 2009, 81st Leg., R.S., Ch. 1139, Sec. 1.01, eff. 4/1/2011.