Sec. 11006.105. BOND. Each director shall execute a good and sufficient bond for $5,000 that is:
(1) payable to the authority; and
(2) conditioned on the faithful performance of the director's duties.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.07, eff. April 1, 2017.
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