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Texas Special District Local Laws Code - SDLL § 8513.0207. Bond Requirement for Directors and Officers

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Not later than the 15th day after the date of an election or appointment of a director or officer, the director or officer shall file a good and sufficient bond with the board secretary.

(b) The bond must be:

(1) in the amount of $5,000;

(2) payable to the authority;

(3) conditioned on the faithful performance of duties as a director or officer;  and

(4) subject to approval by the board secretary.

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 8513.0207. Bond Requirement for Directors and Officers - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-8513-0207/

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