Tag Archives: Public Official Bond
Public Official Bond for Snohomish Polytechnical College (WA)
03/15/2012SB 5287: Public Officials
This bill will establish the Snohomish Polytechnical College in which the treasurer of the college board of trustees must post a surety bond. This is to guarantee the faithful performance of his or her duties.
Public Official Bond for Weed County (Wyoming)
03/11/2012HB 15: Public Officials
The surety bond amount for the treasurer of the board of directors of a county weed and pest control district will be increased through this bill. The bond amount will be increased from $3,000 to $50,000.
Wyoming Public Official Bonds for Circuit Court Judges
03/08/2012HB 123: Public Officials
The bond requirements for circuit court judges and magistrates will be repealed through this house bill. Under current law a $5,000 surety bond for circuit court judges and a $1,000 bond for magistrates must be posted.
Nebraska Public Official Bond
03/05/2012LB 392: Public Officials
The treasurer of a learning community coordinating council must post a surety bond under this new bill. It must be in the amount no less than $500 and no more than double the amount of money that may come into his or her hands. The amount of the bond will be determined by the learning community and the law became effective upon enactment.
Public Official Bond – Washington’s Puget Sound Port Authority
03/01/2012HB 1430: Public Officials
The Puget Sound Port Authority is created through this bill. This will require its designated treasurer to post a surety bond that will protect the Authority from any losses. The amount and conditions of the bond will be determined by the Authority.
Public Official Bonds in Texas
02/29/2012HB 354: Public Officials
New income tax on income in excess of $150,000 will be imposed through this bill. The Department of Revenue has the authority to designate agents or outside counsel that is outside the state for the purpose of collecting this tax from non-residents. Bonds or other securities may be required to ensure the faithful performance of their collection duties. Taxpayers may be required to post a bond or other security if an extension is granted to pay the tax.
South Dakota Public Official Bonds
02/22/2012SB 119: Public Officials
The bond amount will be revised for the treasurers of water use districts through this bill. Under current law the bond amount must be sufficient to cover all funds coming into the treasurer’s possession or control. Through this bill the district would be directed on how much the bond should be. The bill will also determine the treasurer’s faithful performance of his or her duties.
Minnesota Public Official Bond for Election Recounts
11/07/2011Election Recounts:
Any losing candidate of an election for a public office will be required to post a bond or other security in connection with filing for a recount. Under this bond the costs of the recount process will be secured and which the losing candidate would be responsible.
New Mexico’s Secretary of Finance and Administration
09/15/2011HB 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.
Public Official Bond for New Mexico’s Secretary of Health Policy
09/15/2011SB 15: Public Officials
The Health Policy and Finance Department would be created under this bill and would be run by the Secretary of Health Policy. A $25,000 surety bond will be required to be posted by the Secretary. Also each director of division of the Department would have to post a $10,000 bond that will secure the faithful performance of their duties.
Bond requirements repealed for certain NM Public Officials
09/14/2011SB 235/HB 345: Public Officials
This would repeal the public official bond requirements for all secretaries, appointed directed of cabinets and the employees of a cabinet department. Under current law for New Mexico their executive cabinet provides that each secretary of a cabinet must post a bond in the amount of 25K and each director of a cabinet department must post a 10K bond. The new bill would eliminate any references to bond requirements for cabinet officials and employees for the following departments:
• Children
• Youth and Families
• Corrections
• Department of Finance and Administration
• Department of Health
• Department of Environment
• Human Services
• Economic Development
• Tourism
• Regulation and Licensing
• General Services
• Public Safety
Public Official Bond for Kentucky Mountain Trail Authority
09/05/2011SB 113/HB 130: Public Officials
The Kentucky Mountain Trail Authority will be created under this bill. A $50,000 surety bond will be put in place by each Authority’s peace officers. This will secure the faithful performance of his or her duties. A bond with blanket coverage in the amount of $50,000 per office would be accepted. This bill has passed in the House and is pending approval in the Senate.
Kentucky Public Official Bond for Regional Wastewater Districts
09/04/2011HB 26: Public Officials
House Bill 26 will provide for the creation of regional wastewater districts in Kentucky. Commissioners, secretary, treasurer and general manager are required under the bill to be bonded. This will secure the faithful performance of their duties. The bond amount will be determined the amount of funds that the officials handle.
Illinois Public Official Bonds
08/28/2011HB 239: Public Officials
This will allow for the State Treasurer to establish and administer a Home Savings Pool for first time home buyers. The State Treasurer would be authorized to receive endorsements paid into the Pool by a participant and could serve as the fiscal agent of the participant to hold and invest the Pool’s funds. The State Treasurer will be required to post a one million dollar bond to secure the faithful performance of his or her duties in connection with the Pool.
Casino Gaming Surety Bonds – Hawaii
07/22/2011HB 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.
Public Official Bonds for Hawaii Shipboard Gaming
07/21/2011SB 1528/HB 1651: Public Officials & License Bonds – Shipboard Gaming
This Senate and House Bill will allow for casino games to be played on board ships. Through this bill the Hawaii Gaming Board will be created to oversee the gaming operations. Each board member will be required to post a surety bond in the amount of $25,000 to secure the faithful performance of their duties. A license will be required as well to operate and maintain a gaming ship. The owner will be required to obtain the license as well as a $200,000 license bond to secure that the licensee will faithfully make the payments, keep records, reports and conduct games of chance in compliance with the applicable laws and regulations. The surety’s aggregate liability would be limited to the amount specified in the bond.
$50,000 bond required by Connecticut Health Exchange
07/20/2011HB 6323: Public Officials
This bill will implement the new federal health care law to establish the state of Connecticut’s health care exchange system purchasing health care plans. A surety bond in the amount of $50,000.00 must be posted by the Connecticut Health Exchange to secure the performance of the duties of office. A blanket position bond covering each director, the Executive Director of the Exchange and its employees will be accepted instead of individual bonds.
Public Official Bonds for CT’s SustiNet Authority
07/19/2011HB 6305: Public Officials
This creates the SustiNet Plan as a government sponsored health plan for the residents of the state of Connecticut. This program will be run by the SustiNet Authority, whose board members will have to post a surety bond in the amount of $50,000 to secure the faithful performance of their duties. This bond will have to be issued from a surety bond company licensed in the state of Connecticut. A bond covering all members would be accepted.
Minnesota Public Official Bond
07/07/2011SB 79: Public Officials
The Central Iron Range Sanitary Sewer District was created by SB 79. This new law will authorize the districts board to post surety bonds and fidelity bonds to secure the honorable performance of the duties of its officers and employees. This law became effective upon enactment.
Massachusetts Public Official Bond
06/30/2011HB 1913: Public Official
This bill creates the Department of Public Works for the Town of Hadley. Under this new law the Director of the Department is required to post a surety to secure the faithful performance of his or her duties. The amount to be posted will be determined by the Board of Selectmen.
Iowa Public Official Bonds
05/01/2011HB 260: Public Officials
Prior to HB 260 it was required that surety bond to be posted by the secretary and the treasurer of the board of a county or a memorial hospital. This new law eliminates the bond requirement.
Georgia Public Official Bond
04/18/2011HB 682: Public Official
Under HB 682 Byron City Council is now authorized to hire a city an administrator. The administrator will now be required to post a surety bond in the amount that the Council will determine. The City of Byron is now indemnified by this bond for the administrator’s default, misfeasance, or nonfeasance in the performance of his or her duties.