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Tex. Transportation Code § 366.253

SURETY BONDS

Texas · Texas Transportation Code · Status: effective

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Tex. Transportation Code § 366.253, SURETY BONDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/569987
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(a) Before beginning a term, each director shall execute a surety bond in the amount of $25,000, and the secretary and treasurer shall execute a surety bond in the amount of $50,000. (b) Each surety bond must be: (1) conditioned on the faithful performance of the duties of office; (2) executed by a surety company authorized to transact business in this state; and (3) filed with the secretary of state's office. (c) The authority shall pay the expense of the bonds.