Sec. 8501.104.  OATH AND BOND REQUIREMENT FOR DIRECTOR.  (a)  A director shall, within 15 days after the date of appointment, qualify by taking the constitutional oath of office and by filing a good and sufficient bond with the secretary of state.
(b)  The bond is subject to approval by the secretary of state and must:
(1)  be in the amount of $1,000;
(2)  be payable to the authority;  and
(3)  be conditioned on the faithful performance of the duties as a director.
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.