Bond

Sec. 1048.054. BOND. (a) Each director shall execute a good and sufficient bond for $5,000 that is: (1) payable to the district; and (2) conditioned on the faithful performance of the director's duties. (b) The district shall pay for a director's bond. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.