Premiums on surety bonds of treasurer and employees paid by state; limit on amount.

  1. Law
  2. Oregon Revised Statutes
  3. State Government, Government Procedures, Land Use
  4. State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network
  5. Premiums on surety bonds of treasurer and employees paid by state; limit on amount.

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(2) Whenever a person employed in the office of the State Treasurer, required by the State Treasurer to furnish a bond, furnishes a bond executed by a surety company legally authorized to transact business in this state, and the bond is approved by the State Treasurer, the state shall pay the premium for the bond, not to exceed one-third of one percent per annum of the penalty named in the bond so executed and approved.


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