Section 3-217 - Performance bonds. - Maryland Statutes

§ 3-217. Performance bonds.
 

(a)  When required.-  

(1) The Governor may require the Commissioner to execute a surety bond in an amount that the Governor establishes. 

(2) The Commissioner may require any officer or other employee of the Division to execute a surety bond in the amount that the Commissioner, with the approval of the Comptroller, establishes. 

(3) The bond shall be conditioned on the individual faithfully performing the duties of office and accounting for all funds officially received. 

(b)  Issuance.-  

(1) The surety bond for the Commissioner shall be issued by a corporate surety approved by the Governor. 

(2) The surety bond for any officer or other employee of the Division shall be issued by a corporate surety approved by the Commissioner and the Comptroller. 

(c)  Premium.- The premium for a surety bond issued under this section shall be paid by the Division. 

(d)  Failure to comply.- An individual who fails to provide or maintain a surety bond as required by this section: 

(1) may not assume the duties of the individual's position; and 

(2) after 30 days, forfeits the individual's office or employment. 
 

[An. Code 1957, art. 27, § 686; 1999, ch. 54, § 2.]