Sec. 1024.055. BOND OR INSURANCE. (a) Before assuming the duties of office, each director must execute a bond payable to the district or purchase an appropriate insurance policy that names the district as its sole beneficiary, conditioned on the faithful performance of the director's duties.
(b) For each director, the board shall determine the appropriate type and value of the bond or insurance policy.
(c) The board may pay for a director's bond or pay for a director's insurance policy and premiums with district money.
(d) Each director's bond or insurance policy shall be kept in the district's permanent records.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1024 - Ector County Hospital District
Subchapter B. District Administration
Section 1024.051. Board Election; Terms
Section 1024.052. Notice of Election
Section 1024.053. Ballot Petition
Section 1024.054. Qualifications for Office
Section 1024.0545. Grounds for Removal
Section 1024.055. Bond or Insurance
Section 1024.056. Board Vacancy
Section 1024.058. Compensation; Expenses
Section 1024.059. Voting Requirement
Section 1024.060. District Administrator
Section 1024.061. General Duties of District Administrator
Section 1024.062. Assistant District Administrators