(a) Not later than the 15th day after the date of appointment, a director shall qualify by:(1) taking the constitutional oath of office; and(2) filing a good and sufficient bond with the secretary of state and obtaining the secretary of state's approval on the bond.(b) The bond must be:(1) in the amount of $5,000;(2) payable to the authority; and(3) conditioned on the faithful performance of duties as a director. Added by Acts 2021, 87th Leg., R.S., Ch. 914 (H.B. 3530), Sec. 1.03, eff. April 1, 2023.
Texas Legal Code