Loading chat...
ID S1335
Bill
Status
3/27/2012
Primary Sponsor
State Affairs Committee
Click for details
AI Summary
-
Reduces the surety bond requirement for the secretary, treasurer, and executive officer of the Idaho Energy Resources Authority from $1,500,000 to $500,000.
-
Allows the chairman to execute a blanket bond covering all directors, the secretary, treasurer, executive officer, and other employees as an alternative to individual bonds.
-
Requires all surety bonds to be conditioned on faithful performance of duties and executed by a surety authorized to do business in Idaho.
-
Specifies that the authority must pay the cost of all required surety bonds.
Legislative Description
Amends existing law to reduce the amount of the surety bonds that officers of the Idaho Energy Resources Authority must execute.
IDAHO ENERGY RESOURCES AUTHORITY
Last Action
Governor signed Session Law Chapter 150 Effective: 07/01/12
3/27/2012