§ 21-2-710. Billing certification — Payment and deposit
(a) The Governmental Bonding Board, with the assistance of the State Insurance Department, shall prepare a billing certification to be remitted to the: (1) (A) Department of Finance and Administration. Upon receipt of this certification, the Secretary of the Department of Finance and Administration shall pay it from funds specifically appropriated for it by the […]
§ 21-2-711. Fidelity Bond Trust Fund
(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a separate fund to be known as the “Fidelity Bond Trust Fund”. (b) (1) No money shall be appropriated from the fund for any purpose except for the use and benefit […]
§ 21-2-703. Coverage in lieu of statutory bonds
(a) (1) The fidelity bond coverage provided under this subchapter shall be in lieu of all statutorily required bonds for the various public officers, officials, and employees participating in the Self-Insured Fidelity Bond Program. (2) The various laws specifically requiring surety bonds or blanket bonds for the respective public officials, officers, and employees shall not […]
§ 21-2-704. Establishment — Scope of coverage
(a) There is established a Self-Insured Fidelity Bond Program for state officials and employees, county officials and employees, municipal officials and employees, and school district officials and employees, to be administered by the Governmental Bonding Board. (b) (1) The fidelity bond coverage provided by the program shall cover actual losses sustained by a participating governmental […]
§ 21-2-705. Governmental Bonding Board
(a) There is created the Governmental Bonding Board, which shall be composed of the following five (5) members: (1) The President of the Association of Arkansas Counties; (2) The President of the Arkansas Municipal League; (3) The Commissioner of Elementary and Secondary Education; (4) The Secretary of the Department of Finance and Administration; and (5) […]
§ 21-2-105. Administration of oaths generally
(a) (1) The Governor shall take the oath of office before: (A) A justice or judge of the: (i) Supreme Court; (ii) Court of Appeals; or (iii) Circuit court; (B) The county clerk; or (C) The clerk of the circuit court. (2) The justices of the Supreme Court, judges of the Court of Appeals, judges […]
§ 21-2-706. Administration
It shall be the responsibility of the Governmental Bonding Board to develop and administer the Self-Insured Fidelity Bond Program for state officers and employees, state public officials and public employees, and county, municipal, and school district public officials and public employees.
§ 21-2-106. Endorsement of oath on commission
(a) It shall be the duty of every officer administering the oath of office to any officer of this state to endorse the oath on the commission of the officer. (b) However, if the officer is serving in or with the United States Armed Forces at the time his or her oath is taken and […]
§ 21-2-707. Operations and recommendations
(a) The Insurance Commissioner, at the direction of the Governmental Bonding Board, shall receive and disburse funds necessary for the establishment and operation of the Self-Insured Fidelity Bond Program. (b) The State Risk Manager shall assist in the operations of the program and shall submit to the board recommendations for the establishment of: (1) Premium […]
§ 21-2-107. Bonds of state, county, and district officers generally
(a) The official bonds of all state, county, and district officers required by law to furnish official bonds shall be executed by those officials as principal and shall be executed by some surety company authorized to do business in Arkansas as surety. (b) (1) The official bonds of all state officers covered by subsection (a) […]