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MS HB136

Bill

Official Source

Status

Passed

4/6/2021

Primary Sponsor

Jerry Turner

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Requires any public officer or employee handling or having custody of public funds to provide an individual bond or be covered by a blanket bond
  • Sets minimum bond amount at $25,000 for each public officer or employee, unless state law specifies a different amount
  • Exempts public officers or employees whose handling of public funds is incidental to their employment, as defined by State Auditor regulations
  • Requires all bonds to follow the form and content specified in Section 25-1-15
  • Becomes effective July 1, 2021

Legislative Description

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

Last Action

Approved by Governor

4/6/2021

Committee Referrals

Finance2/16/2021
Accountability, Efficiency, Transparency1/8/2021

Full Bill Text

No bill text available