Bond requirements repealed for certain NM Public Officials

Category: Uncategorized
Published: Sep 14, 2011
SB 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

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