official bonds

Term	Definition
official bonds	Indiana Code 5-4-1-18 provides that the following county and township officers and employees shall file individual surety bonds: 1. Auditors, treasurers, recorders, surveyors, sheriffs, coroners, assessors and clerks. 2. Township trustees and assessors 3. Those employees directed to file an individual bond by the fiscal body of the county. The fiscal body of the county or township may, by ordinance, authorize the purchase of a blanket bond or a crime insurance policy endorsed to include faithful performance to cover the faithful performance of all employees, commission members, and persons acting on behalf of the county or township including those listed above. The fiscal body of the respective units shall fix the amount of the bond of the county treasurers, sheriffs, circuit court clerks, township trustees and conservancy district financial clerks as follows: 1. The amount should equal thirty thousand dollars ($30,000) for each one million dollars ($1,000,000) of receipts of the officer’s office during the last complete fiscal year before the purchase of the bond provided. 2. The amount of the bond may not be less than thirty thousand dollars ($30,000) nor more than three hundred thousand dollars ($300,000) unless the fiscal body approves a greater amount for the officer or employee. The county council shall fix the amount of the county auditor’s bond at not less than thirty thousand dollars ($30,000). The amount of the bond of any other person required to file an individual bond shall be fixed by the fiscal body of the unit at not less than fifteen thousand dollars ($15,000). IC 5-4-1-8 provides that official bonds of officers if sufficient shall be approved as follows: 1. Sheriff, coroner, recorder, auditor, treasurer, and clerk of the circuit court, by the county executive. 2. County assessor, township trustee, and township assessor, by the county auditor. 3. Other county officers required to give bonds, by the clerk of the circuit court unless otherwise specified. A person who approves an official bond shall write the approval on the bond.

Term

Definition

Indiana Code 5-4-1-18 provides that the following county and township officers and employees shall file individual surety bonds:

1. Auditors, treasurers, recorders, surveyors, sheriffs, coroners, assessors and clerks.

2. Township trustees and assessors

3. Those employees directed to file an individual bond by the fiscal body of the county.

The fiscal body of the county or township may, by ordinance, authorize the purchase of a blanket bond or a crime insurance policy endorsed to include faithful performance to cover the faithful performance of all employees, commission members, and persons acting on behalf of the county or township including those listed above. The fiscal body of the respective units shall fix the amount of the bond of the county treasurers, sheriffs, circuit court clerks, township trustees and conservancy district financial clerks as follows:

1. The amount should equal thirty thousand dollars ($30,000) for each one million dollars ($1,000,000) of receipts of the officer’s office during the last complete fiscal year before the purchase of the bond provided.

2. The amount of the bond may not be less than thirty thousand dollars ($30,000) nor more than three hundred thousand dollars ($300,000) unless the fiscal body approves a greater amount for the officer or employee. The county council shall fix the amount of the county auditor’s bond at not less than thirty thousand dollars ($30,000).

The amount of the bond of any other person required to file an individual bond shall be fixed by the fiscal body of the unit at not less than fifteen thousand dollars ($15,000).

IC 5-4-1-8 provides that official bonds of officers if sufficient shall be approved as follows:

1. Sheriff, coroner, recorder, auditor, treasurer, and clerk of the circuit court, by the county executive.

2. County assessor, township trustee, and township assessor, by the county auditor.

3. Other county officers required to give bonds, by the clerk of the circuit court unless otherwise specified.

A person who approves an official bond shall write the approval on the bond.