Sec. 9045.053. DIRECTOR AND TREASURER BONDS. (a) Each director shall qualify by giving bond in the amount of $5,000 for the faithful performance of the director's duties.
(b) The directors' bonds shall be recorded in a record kept for that purpose in the district's office.
(c) The treasurer shall give bond in the amount required by the board. The treasurer's bond shall be conditioned on the treasurer's faithful accounting for all money that comes into the treasurer's custody as treasurer of the district.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle I - Water Control and Improvement Districts
Chapter 9045 - Fallbrook Utility District
Subchapter B. District Administration
Section 9045.051. Composition of Board
Section 9045.052. Appointment of Treasurer
Section 9045.053. Director and Treasurer Bonds
Section 9045.054. Board Vacancy
Section 9045.055. Board President's Power to Execute Contracts