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TENNESSEE STATUTES AND CODES
13-26-110 - Bond requirements.
13-26-110. Bond requirements.
(a) Any board member, policy council member, employee, officer, or any authorized person of a human resource agency who receives public funds, has authority to make expenditures from public funds, or has access to any public funds is hereby required to give bond to be made payable to the state of Tennessee with such sureties as are hereinafter provided. Such bond is to be conditioned in all cases in which a different condition is not prescribed, upon the faithful discharge of the duties of such office, employment, or other authorized activity in which such person is engaged during the time such person continues therein, or in the discharge of any part thereof.
(b) Such official bond shall be executed in the same form as that prescribed by § 8-19-101 for county and state officials and employees.
(c) The amount of such required bond shall be a reasonable amount as determined by the amount of public funds received, expended, or the amount to which the person had access during the previous fiscal year. In the case of a new office or position, the amount of such bond shall be reasonable to protect the public from the breach of the condition of faithful discharge of the duties of such office or position, when the amount of public funds to be received, expended, or to which that person will have access is considered.
(d) All such official bonds shall be signed by authorized individuals of a corporate surety, and such corporation shall be duly licensed to do business in the state of Tennessee as a surety.
(e) The official bonds required under this section are hereby required to be transmitted to the comptroller of the treasury, be filed in the office of the comptroller of the treasury, and be receipted for by the comptroller of the treasury.
(f) No examination or certification of any such bonds shall be required in this section.
(g) Provisions for bonds of all state and county officers set forth in title 8, chapter 19, shall also govern the bonds of all persons covered under this section, so far as the provisions of title 8, chapter 19, are not inconsistent with the provisions of this section.
(h) The respective human resource agency shall pay the premium for such bonds.
[Acts 1976, ch. 666, § 6; T.C.A., § 13-2110.]