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.