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Texas Special District Local Laws Code

§ 1024.055 — BOND OR INSURANCE

SD § 1024.055Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1024. ECTOR COUNTY HOSPITAL DISTRICT · Art. B. DISTRICT ADMINISTRATION

Statute text

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(a)Before assuming the duties of office, each director must execute a bond payable to the district or purchase an appropriate insurance policy that names the district as its sole beneficiary, conditioned on the faithful performance of the director's duties.
(b)For each director, the board shall determine the appropriate type and value of the bond or insurance policy.
(c)The board may pay for a director's bond or pay for a director's insurance policy and premiums with district money.
(d)Each director's bond or insurance policy shall be kept in the district's permanent records.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Texas Special District Local Laws Code § 1024.055 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.