h_sa_2018a_2018-02-08t10:31:42z1 Hearing Summary

Representative McKean, bill sponsor, presented House Bill 18-1140.  Under current law a public entity may require an official to provide a personal surety bond which protects the entity from losses occurring from theft, fraud, or other impacts due to the official's failure to meet certain obligations.  The bill repeals parts of statute where personal surety bonds are required from state department heads and subordinates that handle state funds, county officials, and municipal officials.  Public entities are authorized to purchase crime insurance instead of accepting personal surety bonds.  

Evan Goulding, Special District Association of Colorado, testified in support of the bill.

Representative McKean made concluding remarks about the bill.