Tex. Util. Code § 162.073

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 162.073 - Compensation of Directors
(a) A director may not receive a salary for services as a director. Except in an emergency, a director may not receive a salary for services in a capacity other than director without the approval of the members.
(b) The bylaws may:
(1) prescribe a fixed fee for attendance at each board meeting, committee meeting, industry-related conference approved by the board, or training program; and
(2) provide for reimbursement of actual expenses of attendance or a reasonable per diem.

Tex. Util. Code § 162.073

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.