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:
Bill Summary
Local Government
State Government
Public official personal surety bonds - repeal of obsolete provisions - authorize purchase of insurance in lieu of a personal bond. Statutory Revision Committee. The act removes the obligation of some state and local public officials to provide a personal surety bond and authorizes all public entities to purchase insurance in lieu of a public official personal surety bond required by statute.
(Note: This summary applies to this bill as enacted.)