Bill
Bill > HB1438
MS HB1438
MS HB1438Individual bond; require for public officers and employees handling or having the custody of public funds.
summary
Introduced
02/17/2020
02/17/2020
In Committee
05/12/2020
05/12/2020
Crossed Over
03/05/2020
03/05/2020
Passed
Dead
06/09/2020
06/09/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act To Require Any Public Officer Or Employee Handling Or Having The Custody Of Public Funds, By Virtue Of His Or Her Office Or Employment, To Give Bond In A Certain Amount; And For Related Purposes.
AI Summary
This bill requires any public officer or employee in Mississippi who handles or has custody of public funds to provide an individual bond in the amount of $25,000, unless a specific amount is otherwise required by law. This requirement does not apply to public officers or employees whose handling or custody of public funds is incidental to their job duties. The bonds must follow the form and content provided in existing state law. The bill will take effect on July 1, 2020.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Last Action
Died In Committee (on 06/09/2020)
Official Document
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