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Session Laws, 1967
Volume 681, Page 1517   View pdf image (33K)
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SPIRO T. AGNEW, Governor                        1517

thereof to be respectively under the new subtitle "Maryland State
Employees Surety Bond Committee" and providing that said Com-
mittee shall prescribe the type, amount and term of bonds to
cover State officers and employees in the performance of their
duties and to further authorize the purchase of such bonds, for
their approval and filing, and to other matters relating to the
keeping of records.

Section 1. Be it enacted by the General Assembly of Maryland,
That five new sections be and they are hereby added to Article 78A
of the Annotated Code of Maryland (1965 Replacement Volume),
title "Public Works," said new sections to be known as Sections 46,
47, 48, 49 and 50 and to follow immediately after Section 45 of
said Article and to read as follows:

46.

There is hereby established a committee on bonding of State
officers and employees to consist of the State Treasurer, the State
Comptroller and the Attorney General or their designated represen-
tatives. This committee shall be known as the Maryland State Em-
ployees Surety Bond Committee.

47.

The committee shall have the power to periodically set the type
and amount of the bonds of all State officers and employees, now or
hereafter required to be bonded pursuant to any law of this State,
having due regard for duties and responsibilities of said officers and
employees. Said officers or employees shall, upon entering the per-
formance of their duties, be covered by surety bonds of the type
specified and in the amounts and term fixed by the committee.

48.

All State officers and employees other than those specifically re-
quired to be bonded pursuant to any law of this State, who in the
opinion of the committee should be bonded, shall be bonded with the
type of bond and in such amount and term to be determined by the
committee.

49.

Bonds purchased pursuant to Sections 47 and 48 above shall be
purchased by the State Treasurer upon prior approval of the Board
of Public Works, from a company or companies authorized to issue
such bonds and authorized to do business in this State. The premium
on bonds provided for therein shall be provided for in the budget
of the State. The State Treasurer may upon prior approval of the
Board of Public Works, at any time any such bond coverage is no
longer required, cause any such bond to be cancelled or terminated
and may collect any rebate of premium thereon.

50.

All bonds required by Sections 47 and 48 above shall be approved
as to form by the Attorney General and filed in the office of the State
Comptroller. A record shall be kept in the office of the State Comp-


 

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Session Laws, 1967
Volume 681, Page 1517   View pdf image (33K)
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