Section 8504.054 - Oath and Bond Requirement for Directors(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 $5,000;(2) be payable to the authority; and(3) be conditioned on the faithful performance of the duties as a director.Tex. Spec. Dist. Loc. Laws § 8504.054
Added by Acts 2013, 83rd Leg. - Regular Session, ch. 112,Sec. 1.04, eff. 4/1/2015.