Sec. 8-247. Bonds of board members and executive director of authority. - Connecticut Statutes

      Sec. 8-247. Bonds of board members and executive director of authority. Each member of the board of directors of the authority shall execute a surety bond in the penal sum of fifty thousand dollars and the executive director shall execute a surety bond in the penal sum of one hundred thousand dollars, or, in lieu thereof, the chairman of the board shall execute a blanket position bond covering each member, the executive director and the employees of the authority, each surety bond to be conditioned upon the faithful performance of the duties of the office or offices covered, to be executed by a surety company authorized to transact business in this state as surety and to be approved by the Attorney General and filed in the office of the Secretary of the State. The cost of each such bond shall be paid by the authority.

      (1969, P.A. 795, S. 5; P.A. 88-266, S. 7, 46.)

      History: P.A. 88-266 replaced references to the authority with references to the board of directors where appearing.