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MS SB2515

Bill

Official Source

Status

Failed

6/9/2020

Primary Sponsor

Jennifer Branning

Click for details

Origin

Senate

2020 Regular Session

AI Summary

  • Requires any public officer or employee who handles or has custody of public funds to provide an individual surety bond of $25,000, unless state law specifies a different amount

  • Exempts public officers or employees whose handling of public funds is incidental to their job duties, as defined by State Auditor regulation

  • Mandates that all surety bonds follow the form and content requirements established in Section 25-1-15

  • Takes effect on July 1, 2020

Legislative Description

Public officers and employees; require surety bond in a certain amount for officers and employees who handle public funds.

Last Action

Died In Committee

6/9/2020

Committee Referrals

Accountability, Efficiency, Transparency3/17/2020
Finance2/14/2020

Full Bill Text

No bill text available