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IN HB1381
Bill
Status
1/14/2015
Primary Sponsor
Gail Riecken
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AI Summary
HB 1381 Summary
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Candidates for state and local offices in Indiana must file a surety bond statement with their candidacy documents if the elected position requires a personal surety bond under Indiana law.
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The required statement must come from an Indiana-authorized surety company and specify both the bond amount required by law and the cost of the bond.
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Exemptions apply to candidates for federal office and candidates for offices established by the Indiana Constitution.
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Requirement becomes effective July 1, 2015 and applies to elections held after December 31, 2015.
Legislative Description
Public official bonding. Provides that if an individual elected to an office is required to file a personal surety bond under Indiana law, a candidate for that office must file with the candidate's candidacy document a statement from a surety company authorized to do business in Indiana stating: (1) that the surety company will give a surety bond in the amount required by Indiana law for that office to cover the candidate, if elected to office; and (2) the cost of the bond. Provides that this requirement does not apply to candidates for federal office or candidates for an office
Last Action
First Reading: referred to Committee on Elections and Apportionment
1/14/2015