South Dakota Public Official Bonds

Category: Uncategorized
Published: Feb 22, 2012
SB 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.

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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.