15-23-5. Secretary-treasurers of boards; surety bonds.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

The secretary-treasurer of the board shall give a good and sufficient surety bond, payable to the fund in such an amount as may be determined by the board, to account faithfully for all funds received and disbursed by him or her. The premium on the bond shall be paid out of the fund in such county. A secretary-treasurer who is designated by a combined board of several counties as provided by Code Section 15-23-12 may satisfy the bonding requirement with one bond. If the secretary-treasurer is already bonded by virtue of being a state employee, such a bond as a state employee will satisfy the bonding requirement.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 15-23-5, enacted by Ga. L. 1993, p. 1529, § 1; Ga. L. 1997, p. 874, § 3.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t15-ch12-24-(v13a)-2015-pdf.pdf, Volume V13A, 2015 edition, pages 517 to 518; merge action: carried; file SHA-256 3ead04cf60ab.