Enrolled Bill Summary

The State Employee Bonding Act concerns surety bonds that traditionally have been authorized or required of employees or officers of state agencies and institutions of higher education toward the payment of losses caused by performance shortcomings or dishonest acts of such personnel. In 2001, the legislature amended the act to limit the purchase of surety bonds by those entities and move to the greatest extent practicable toward self-insurance. House Bill 2376 deletes and repeals surety bond statutes that were made obsolete by the 2001 changes.