Bill Text: MS HB358 | 2021 | Regular Session | Introduced
Bill Title: Bonding requirement for school purchasing agents; increase.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2021-03-02 - Died In Committee [HB358 Detail]
Download: Mississippi-2021-HB358-Introduced.html
MISSISSIPPI LEGISLATURE
2021 Regular Session
To: Accountability, Efficiency, Transparency
By: Representative Boyd
House Bill 358
AN ACT TO AMEND SECTION 37-39-21, MISSISSIPPI CODE OF 1972, TO INCREASE FROM $50,000.00 TO $100,000.00 THE AMOUNT OF BOND THAT IS REQUIRED FOR THE PURCHASING AGENT OF ANY SCHOOL BOARD; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 37-39-21, Mississippi Code of 1972, is amended as follows:
37-39-21. The purchasing
agent of any school board, before entering upon his official duties in such
capacity, shall furnish a good and sufficient surety bond in the penal sum of * * * One
Hundred Thousand Dollars ($100,000.00), with sufficient surety. Such bonds
shall be payable, conditioned and approved in the manner provided by law, and
shall be filed and recorded in the office of the clerk of the chancery court in
which the school district is located. The premium on said bond shall be paid
out of the school district(s) maintenance fund(s).
SECTION 2. This act shall take effect and be in force from and after July 1, 2021.
