Kentucky Public Official Bonds

Legislators in Kentucky have recently enacted a new bill concerning numerous public officials. The new bill is titled HB 26 and it creates regional wastewater districts within the state. The new bill requires the secretary, treasurer, commissioners and general managers of a commission to obtain a surety bond. The bond is meant to guarantee that these individuals will fulfill the responsibilities and duties of their roles; the bond amount required will be calculated by the funds that the officials regularly deal with.