65.067 Bond required of persons handling public funds -- Compliance by elected officials and their employees. - Kentucky Statutes

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Page 1 of 1 65.067 Bond required of persons handling public funds -- Compliance by elected officials and their employees. (1) All officers, officials, and employees of cities, counties, urban-county governments, charter county governments, and special districts who handle public funds in the
execution of their duties shall give a good and sufficient bond to the local governing
body for the faithful and honest performance of his or her duties and as security for
all money coming into that person's hands or under that person's control. The bond
amount shall be based upon the maximum amount of public funds the officer,
official, or employee handles at any given time during a fiscal year cycle. The local
governing body shall pay the cost of the bond. (2) Elected officials who post bond as required by statute, and employees of their offices covered by a blanket or umbrella bond, shall be deemed to have complied
with subsection (1) of this section. Effective: July 14, 2000
History: Created 2000 Ky. Acts ch. 332, sec. 1, effective July 14, 2000.