Massachusetts Public Official Bond

MassachusettsIn Massachusetts, a new law was introduced on 09/26/2007 regarding public officials in the state. The new law, SB 2344, establishes the Whitin Reservoir Watershed District within the Town of Douglas. SB 2344 requires the District’s treasurer to post a surety bond in the amount determined by the District’s Management Committee. The Commissioner of Revenue must authorize the form. Failure to place or renew the surety bond within ten days following the election or appointment to office disqualifies the treasurer from taking office or end up in his or her removal from office.