New Mexico’s Secretary of Finance and Administration

09/15/2011

HB 66: Public Officials

This bill would repeal the bond requirement for the Secretary of Finance and Administration and for the Secretary of General Services. Under current law a surety bond is required for each secretary and authorizes each of them to require their officers/employees to provide a fidelity bond as deemed necessary.

Casino Gaming Surety Bonds – Hawaii

07/22/2011

HB 1536: Public Officials and License Bonds – Casino Gaming

Casino gaming in Hawaii will be authorized and regulated through this bill. The bill will create the Hawaii Gaming Control Commission. A surety bond in the amount of 25K must be posted by each member of the Commission. This will secure the faithful performance of the duties of office. This bill will also require licensure and a 200K surety bond to be posted for casino gaming operators. This bond will guarantee that the licensee would comply with the proposed law and any rules adopted to implement it.

Alabama Public Official Bonds

02/22/2011

Public Officials in Alabama are required, as of May 22, 2009, to post a surety bond to the County Treasury, instead of to the State as it has been previously. County employees, member or employee of public boards or commissions, or county directors may be required to post a bond as well. The bond must be in the amount of 0.5% of the yearly budget for that official, but cannot exceed $50,000. The actual bond amount is to be determined by the county commission.

Alabama bill creates new Public Official surety bond requirement

01/19/2010

The May 21, 2009 enactment of HB 358 created the position of county manager for Jefferson County, Alabama. In order to legally do business in Jefferson County, the new county manager must get a non-recourse bond (commercial bond) from a licensed, solvent surety company.

This surety bond must in the amount of $50,000 or more, and is required in order to guarantee the faithful performance of the county manager.