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MS HB502
Bill
Status
Failed
3/9/2022
Primary Sponsor
Randy Boyd
Click for details
AI Summary
- Increases the required surety bond for school board purchasing agents from $50,000 to $100,000
- Bond must be furnished before the purchasing agent enters upon official duties
- Bond must be filed and recorded in the office of the clerk of the chancery court in the school district's location
- Premium costs for the bond shall be paid from the school district's maintenance fund
- Effective date is July 1, 2022
Legislative Description
School board purchasing agent; increase amount of required surety bond.
Last Action
Died On Calendar
3/9/2022
Committee Referrals
Accountability, Efficiency, Transparency2/17/2022
Accountability, Efficiency, Transparency1/6/2022
Full Bill Text
No bill text available