The state of Oklahoma enacted a law on May 12th, 2008 referred to as HB 3187. The new law regards public officials and creates the Oklahoma Oilseed Commission. HB 3187 requires all members that handle finances for the commission to individually provide a surety bond. The amount of the required bonds will be established by the Department of Central Services. The new Oklahoma state law became operational on November 1, 2008.
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Oklahoma Public Official Bond
October 30, 2009 by Eric WeisbrotCategory: Commercial Bonds, Surety NewsTags: bond requirements, legislation, OK, oklahoma, public official bond, surety bond | Comments (0)
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Oklahoma Public Official Bond
October 18, 2009 by Eric WeisbrotThe state of Oklahoma enacted a new law regarding public officials. The new law, titled SB 1766, eradicated the office of “secretary-treasurer” from the Oklahoma Conservation board of directors. Under the previous law, the secretary-treasurer was required to obtain a surety bond. The Oklahoma Conservation board will continue to have a “treasurer” position, but the previous bond requirement is eliminated. SB 1766 became active upon the May 2nd, 2008 enactment.Category: Commercial Bonds, Surety NewsTags: OK, oklahoma, public official bond | Comments (0)
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Utah Public Official Bond
September 8, 2009 by Eric Weisbrot
On 03/17/2008, the state of Utah enacted HB 125 for public officials. The new law allows a regional grazing board to hire a treasurer who must post a surety bond. The surety bond posted would have to be in the amount of $5,000. When it comes to posting a personal bond, then it would have to be in the amount of $10,000. Category: Commercial Bonds, Surety NewsTags: bond requirements, legislation, public official bond, surety bond, ut, utah | Comments (0)
