Treasurers of water use districts are affected by new legislation in South Dakota. The new law is titled SB 119 and modifies the bond amount required of treasurers of water use districts. Previous legislation required a surety bond in an appropriate amount to cover all funds that the treasurer manages. SB 119 allows the district’s directors to establish the bond amount required.
Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.