62.055 Bonds of county clerks -- Minimum -- Record. - Kentucky Statutes

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Page 1 of 1 62.055 Bonds of county clerks -- Minimum -- Record. (1) Every county clerk, before entering on the duties of his office, shall execute bond to the Commonwealth, with corporate surety authorized and qualified to become
surety on bonds in this state. Any county clerk holding office as of January 1, 1978,
who has not executed bond as provided herein shall do so within thirty (30) days
from February 9, 1978. (2) In counties containing a consolidated local government or a city of the first class, the amount of the county clerk's bond shall be at least five hundred thousand dollars
($500,000). In counties containing a city of the second class but not containing
consolidated local governments and in counties containing an urban-county form of
government, the amount of county clerk's bond shall be at least four hundred
thousand dollars ($400,000). In counties containing a city of the third class but not a
city of the first or second class, a consolidated local government, or an urban-county
form of government, the amount of the county clerk's bond shall be at least one
hundred thousand dollars ($100,000). In counties containing a city of the fourth or
fifth class, but not a city of the first, second, or third class, a consolidated local
government, or an urban-county form of government, the amount of the county
clerk's bond shall be at least seventy-five thousand dollars ($75,000). In counties
containing a city of the sixth class, but not a city of the first, second, third, fourth, or
fifth class, a consolidated local government, or an urban-county form of
government, the amount of the county clerk's bond shall be at least fifty thousand
dollars ($50,000). (3) The bond of the county clerk shall be examined and approved by the fiscal court, which shall record the approval in its minutes. The fiscal court shall record the bond
in the county clerk's records and a copy of the bond shall be transmitted within one
(1) month to the Department of Revenue, where it shall be recorded and preserved.
Except in those counties where the fees of the county clerk are paid into the State
Treasury, the premium on the county clerk's bond shall be paid by the county. (4) Where circumstances in a particular county indicate that the amount of the bond may not be sufficient, the Department of Revenue may request the fiscal court to
increase the bond as provided in KRS 62.060. The fiscal court shall then require a
bond of sufficient amount to safeguard the Commonwealth. Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 88, effective June 20, 2005. -- Amended 2002 Ky. Acts ch. 346, sec. 16, effective July 15, 2002. -- Amended 1996 Ky. Acts
ch. 86, sec. 2, effective July 15, 1996. -- Amended 1982 Ky. Acts ch. 387, sec. 1,
effective July 15, 1982. -- Created 1978 Ky. Acts ch. 4, sec. 1, effective February 9,
1978.