Iowa Treasurer Bond Requirement Update

IowaA new secretary and treasurer bond requirement was introduced updating the stipulations in the state of Iowa on February 11th, 2009. The new law, titled HB 269, eradicates the surety bond requirement for the secretary and the treasurer of the board of a county or a memorial hospital. The previous piece of legislation required a surety bond to be acquired in accordance with the board’s qualifications. HB 269 was enacted on May 18th, 2009.