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MS HB1438

Bill

Official Source

Status

Failed

6/9/2020

Primary Sponsor

Jerry Turner

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Requires any public officer or employee who handles or has custody of public funds to give an individual bond
  • Sets minimum bond amount at $25,000 unless a different amount is specified by law
  • Exempts public officers or employees whose handling of public funds is incidental to their job duties, as defined by State Auditor regulations
  • Individual bonds must follow the form and content requirements of Section 25-1-15
  • Takes effect July 1, 2020

Legislative Description

Individual bond; require for public officers and employees handling or having the custody of public funds.

Last Action

Died In Committee

6/9/2020

Committee Referrals

Finance5/12/2020
Accountability, Efficiency, Transparency2/17/2020

Full Bill Text

No bill text available