{"data":{"id":"us-tx/tex.-transportation-code-366.253","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 366.253","heading":"SURETY BONDS.","body":"(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.\n(b) Each surety bond must be:\n(1) conditioned on the faithful performance of the duties of office;\n(2) executed by a surety company authorized to transact business in this state; and\n(3) filed with the secretary of state's office.\n(c) The authority shall pay the expense of the bonds.\nAdded by Acts 1997, 75th Leg., ch. 1171, Sec. 7.24, eff. Sept. 1, 1997.","path":["TRANSPORTATION CODE","TITLE 6. ROADWAYS","SUBTITLE G. TURNPIKES AND TOLL PROJECTS","CHAPTER 366. REGIONAL TOLLWAY AUTHORITIES","SUBCHAPTER F. GOVERNANCE"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.366.htm#366.253","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"54b326f259756fef19a8dd771288877a2ad207896d6cc6db901fd1aaf6a6c989","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-366.252","next":"us-tx/tex.-transportation-code-366.254"},"notice":"GroundRules: Original legal text. Not legal advice."}