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Texas Special District Local Laws Code

§ 1059.054 — BOND; RECORD OF BOND

SD § 1059.054Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1059. MCCULLOCH 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 for $5,000 that is:
(1)payable to the district; and
(2)conditioned on the faithful performance of the director's duties.
(b)Each director's bond shall be kept in the district's permanent records.
(c)The director shall obtain the bond from an insurer authorized to engage in business in this state.

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 § 1059.054 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.