Texas § 366.253 SURETY BONDS.

Texas Statutes

§ 366.253 — SURETY BONDS.

Texas § 366.253

Code TNTransportation Code

This text of Texas § 366.253 (SURETY BONDS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Transportation Code Code Ann. § 366.253 (2026).

Text

Sec. 366.253. SURETY BONDS.

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 366.253. SURETY BONDS. (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.