State Treasurer Required to Give Bond; Conditions

  1. Law
  2. Georgia Code
  3. State Government
  4. Office of State Treasurer
  5. State Treasurer Required to Give Bond; Conditions

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The state treasurer shall post bond to the state in the sum of $200,000.00 with a bonding company duly licensed to do business in the state and approved by the Governor, the annual premium of the bond to be paid from funds appropriated to the Office of the State Treasurer. The bond shall be conditioned as follows:

  1. That the state treasurer faithfully discharge, execute, and perform all and singular the duties required of him or her by virtue of the office and the Constitution and laws of this state;
  2. That the state treasurer faithfully account for and pay over all state moneys received by him or her from time to time by virtue of the office; and
  3. That the state treasurer safely deliver to his or her successor all records, moneys, vouchers, accounts, and effects whatsoever belonging to the office.

(Orig. Code 1863, § 87; Code 1868, § 84; Code 1873, § 90; Ga. L. 1876, p. 126, §§ 2, 4; Code 1882, §§ 90, 91b; Civil Code 1895, §§ 188, 190; Civil Code 1910, §§ 217, 219; Ga. L. 1919, p. 383, § 3; Code 1933, § 40-1001; Ga. L. 1972, p. 1015, §§ 408, 408B, 2102, 2104; Code 1981, §50-5-3; Ga. L. 1982, p. 843, § 1; Code 1981, §50-5A-2, as redesignated by Ga. L. 1993, p. 1402, § 2; Ga. L. 2010, p. 863, § 1/SB 296.)

Cross references.

- Official bonds generally, T. 45, C. 4.

JUDICIAL DECISIONS

Insufficiency of unsigned bond.

- Bond unsigned by the treasurer did not meet the requirements of this section. Mayo v. Renfroe, 66 Ga. 408 (1881).

RESEARCH REFERENCES

Am. Jur. 2d.

- 63C Am. Jur. 2d, Public Officers and Employees, § 130 et seq.


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