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

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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 <br>surety on bonds in this state. Any county clerk holding office as of January 1, 1978, <br>who has not executed bond as provided herein shall do so within thirty (30) days <br>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 <br>(&#36;500,000). In counties containing a city of the second class but not containing <br>consolidated local governments and in counties containing an urban-county form of <br>government, the amount of county clerk's bond shall be at least four hundred <br>thousand dollars (&#36;400,000). In counties containing a city of the third class but not a <br>city of the first or second class, a consolidated local government, or an urban-county <br>form of government, the amount of the county clerk's bond shall be at least one <br>hundred thousand dollars (&#36;100,000). In counties containing a city of the fourth or <br>fifth class, but not a city of the first, second, or third class, a consolidated local <br>government, or an urban-county form of government, the amount of the county <br>clerk's bond shall be at least seventy-five thousand dollars (&#36;75,000). In counties <br>containing a city of the sixth class, but not a city of the first, second, third, fourth, or <br>fifth class, a consolidated local government, or an urban-county form of <br>government, the amount of the county clerk's bond shall be at least fifty thousand <br>dollars (&#36;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 <br>in the county clerk's records and a copy of the bond shall be transmitted within one <br>(1) month to the Department of Revenue, where it shall be recorded and preserved. <br>Except in those counties where the fees of the county clerk are paid into the State <br>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 <br>increase the bond as provided in KRS 62.060. The fiscal court shall then require a <br>bond of sufficient amount to safeguard the Commonwealth. Effective: June 20, 2005 <br>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 <br>ch. 86, sec. 2, effective July 15, 1996. -- Amended 1982 Ky. Acts ch. 387, sec. 1, <br>effective July 15, 1982. -- Created 1978 Ky. Acts ch. 4, sec. 1, effective February 9, <br>1978.