7-7-205 - Surety bonds required.
§ 7-7-205. Surety bonds required.
The director, the assistant director, and all accountants and auditors of the department shall be required to execute surety bonds in such amounts as the state auditor may deem sufficient to ensure faithful performance of duties and financial accountability, provided the amount of such bond of the director shall not be less than twenty-five thousand dollars ($25,000.00). The costs of such bonds shall be paid out of the department of audit fund in the same manner as other expenses are paid.
Sources: Codes, 1942, § 3877-08; Laws, 1948, ch. 202, § 8; Laws, 1952, ch. 176, § 8.