Tex. Special District Local Laws Code § 1024.055
This is the official text of Tex. Special District Local Laws Code § 1024.055, part of Texas’s Special District Local Laws Code — consolidates the individual laws creating Texas's special-purpose local government districts.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 1024.055. BOND OR INSURANCE.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.