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HB18-1140

Public Official Personal Surety Bonds

Concerning public official personal surety bonds, and, in connection therewith, repealing obsolete provisions and authorizing the purchase of insurance in lieu of public official personal surety bonds.
Session:
2018 Regular Session
Subjects:
Local Government
State Government
Bill Summary

Statutory Revision Committee. Section 1 of the bill contains a legislative declaration. Section 2 repeals an obsolete provision regarding personal surety bonds for executive agency personnel. Sections 3 through 5 repeal obsolete requirements that a person providing a personal surety bond to a county officer be a property owner in the county and, if requested, provide a statement of assets. Section 6 authorizes a public entity to purchase insurance in lieu of a public official personal surety bond and states the requirements for the insurance. Sections 7 through 9 remove obsolete personal surety bond requirements for certain municipal officials.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

Bill Text