(a)
(1) Whenever Auditor of State's warrants of the State of Arkansas issued to any person are lost or destroyed, the owner or person entitled to receive the contents of the lost or destroyed warrants shall be entitled to have them duplicated by the Auditor of State upon satisfactory proof or evidence to the Auditor of State that:
(A) The warrants alleged to have been so lost or destroyed were actually issued to the person as alleged in the application to him or her;
(B) The warrants have not been paid by the Treasurer of State;
(C) The person making the application is legally authorized or entitled to receive the contents of the warrants; and
(D) The warrants have been lost or destroyed.
(2) The evidence must show how and in what manner the loss or destruction occurred, the date and number of the lost or destroyed warrants, and whether they bore interest or not.
(b) The evidence required by subsection (a) of this section shall be duly sworn to and subscribed by the person entitled to receive the contents of the warrants, or some person for him or her. This person or the person acting for him or her shall also execute and file with the Auditor of State his or her bond to the State of Arkansas with good and sufficient security to be approved by the Auditor of State in a sum not less than double the amount of the warrants claimed to be lost. The bond shall be conditioned that he or she will save and keep harmless the State of Arkansas against any payment of the warrants which the state may thereafter be compelled to make to a bona fide holder of the warrants.
(c) Upon compliance with the requirements of subsections (a) and (b) of this section, it shall be the duty of the Auditor of State to issue and deliver to the applicant, or his or her agent or attorney, a duplicate for the warrant so adjudged to have been lost or destroyed. The duplicate warrant and endorsement shall entitle the holder to receive from the Treasurer of State the amount specified in the duplicate warrant, in like manner as upon an original warrant.
(d) The Auditor of State shall review the bonding procedures for the issuance of duplicate warrants and shall issue rules on the adequate bonding of all payees on duplicate warrants to preserve and protect the expenditure of state funds.
(e) The bonding requirements shall not apply to a person who is acting in his or her capacity as an official officer or authorized representative of state or local government, including school districts, and when that person is covered under the provisions of the Self-Insured Fidelity Bond Program under § 21-2-701 et seq.