Public Official Bond for Kentucky Mountain Trail Authority

Category: Uncategorized
Published: Sep 5, 2011
SB 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.

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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.