1. (a) Before assuming the duties of office, each director must execute a bond for $5,000 that is:

   1. (1) payable to the district; and
   2. (2) conditioned on the faithful performance of the director's duties.
2. (b) The board may pay for a director's bond with district money.
3. (c) The bond shall be kept in the permanent records of the district.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.