A new law was enacted concerning a new public official in Jefferson County, Georgia. The new law, which is titled HB 358, implements a county manager for Jefferson County. The county manager must acquire a “non-recourse bond” from a solvent surety licensed that is able to do business in the Jefferson County in an amount no less than $50,000, conditioned on the truthful performance of the individuals’ responsibilities. The surety bond protects against dishonesty, malfeasance, misappropriations or unlawful corruption
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Georgia Public Official “Non-recourse” County Manager Bond
January 12, 2010 by Eric WeisbrotDiscuss: Comments (0)
Category: Commercial Bonds, Surety News
Tags: "Non-recourse" Bond, bond requirements, County Manager Bond, GA, Georgia, legislation, public official bond, surety bond
