Okla. Stat. tit. 74 § 85.58T

Current through Laws 2024, c. 453.
Section 85.58T - Schedule of amounts of surety required

The amount of surety required for each state officer or employee pursuant to Sections 85.26 through 85.31 of this title is as follows:

DEPARTMENT

AMOUNT OF BOND

Office of the State Treasurer

$300,000.00

Oklahoma Employment Security Commission

$150,000.00

Central Services Division of the Office of Management and Enterprise Services

100,000.00

Insurance Commission

100,000.00

Office of the State Auditor and Inspector

50,000.00

Finance Division of the Office of Management and Enterprise Services

50,000.00

Bank Commissioner

50,000.00

Commissioners of the Land Office

50,000.00

Oklahoma Securities Commission

50,000.00

Oklahoma Tax Commission

50,000.00

Department of Human Services

50,000.00

Oklahoma Public Employees Retirement System

50,000.00

Corporation Commission

50,000.00

State Board of Education

50,000.00

Finance Division

150,000.00

All Others

25,000.00

Department of Transportation

25,000.00

Boards of Regents of Oklahoma Universities and Colleges

50,000.00

Office of Attorney General

10,000.00

The University Hospitals

50,000.00

All Other State Departments, Agencies, Institutions, Commissions, Authorities, and other bodies of state government

10,000.00

Provided, however, that nothing in The Oklahoma Central Purchasing Act shall prohibit any head of a department, institution, agency, commission, authority or other body of state government from requiring the Central Purchasing Division to purchase increased amounts of blanket bond coverage for his or her employees up to a total maximum coverage of Fifty Thousand Dollars ($50,000.00) when the listed amount is deemed inadequate. The cost of increased coverage shall be borne by the department, institution, agency, commission, authority or other body of state government requesting the increased coverage.

Okla. Stat. tit. 74, § 85.58T

Renumbered from § 85.29 by Laws 2020 , c. 99, s. 29, eff. 11/1/2020.
Amended by Laws 2013 , c. 254, s. 31, eff. 1/1/2015.
Laws 1974, SB 515, c. 131, § 4, emerg. eff. 7/1/1974; Amended by Laws 1979, HB 1019, c. 30, § 163, emerg. eff. 4/6/1979; Amended by Laws 1980, SB634, c. 159, § 35, emerg. eff. 4/2/1980; Amended by Laws 1983, SB 305, c. 304, § 113, emerg. eff. 7/1/1983; Amended by Laws 1983, SB 244, c. 135, § 1 (repealed by Laws 1989, c. 353, § 14, emerg. eff. 6/3/1989); Amended by Laws 1989, HB 1626, c. 353, § 8, emerg. eff. 6/3/1989; Amended by Laws 1994, SB 911, c. 283, § 6, eff. 9/1/1994; Amended by Laws 2002 , HB 2370, c. 50, §5, eff. 11/1/2002; Amended by Laws 2007 , SB 809, c. 354, §17, eff. 11/1/2007; Amended by Laws 2012 , HB 3079, c. 304, §750.