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.
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.