Public Official Personal Surety Bonds

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.) Read More