5-21-109 - Director Bond. - Tennessee Statutes

5-21-109. Director Bond.

(a)  The director shall execute a blanket bond in an amount of not less than fifty thousand dollars ($50,000) for the faithful performance of the director's duties as director and of the department employees in accordance with the general law for such bonds.

(b)  The cost of such bond shall be paid from funds appropriated to the department for such purpose.

(c)  The amount of such bond may be increased subject to the approval of the committee, and additional appropriations by the county legislative body.

(d)  The bond shall be prepared in accordance with the provisions of title 8, chapter 19, approved by the county legislative body, recorded in the office of the county register of deeds and transmitted to the comptroller of the treasury for safekeeping.

[Acts 1981, ch. 325, § 9; 1998, ch. 677, § 5.]