Georgia Public Official Bond

Category: Uncategorized
Published: Apr 18, 2011
HB 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.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.