Sec. 8504.054.  OATH AND BOND REQUIREMENT FOR DIRECTORS.  (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 $5,000;
(2)  be payable to the authority; and
(3)  be conditioned on the faithful performance of the duties as a director.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.04, eff. April 1, 2015.