Legislative Audit Committee. Under existing law, public administrators are required to maintain a $25,000 bond and file certain information and reports with the administrator's appointing court. Public administrators may appoint deputy public administrators. The bill increases the amount of bond public administrators are required to maintain to $100,000 and clarifies the following:
- That deputy public administrators are subject to the same statutory requirements as public administrators, including the bond requirement;
- The information about costs and fees that must be included in small estate statement of account filings by public administrators; and
- The form of annual reports that must be filed by public administrators and deputy public administrators.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)