Ala. Admin. Code r. 262-X-2-.06

Current through Register Vol. 43, No. 1, October 31, 2024

Section 262-X-2-.06 - Bond

All members and employees of the Commission handling money or exercising authority over any property shall, before entering the discharge of their duties, give bond with a surety company authorized to do business in the State of Alabama, a surety, payable to the Commission in an amount or amounts sufficient to protect the Commission against any loss with respect to the funds, money or property handled, conditioned for the faithful discharge of their duties and responsibilities and further conditioned upon their faithfully accounting for all monies, funds, or properties coming into their possession in the capacity of their employment.

Author: Martin A. Ramsay

Filed October 27, 1987. Repealed and New Rule: Filed March 9, 2004; effective April 13, 2004.

Statutory Authority:Code of Ala. 1975, §§ 15-23-5(14).