Bill Text: MS HB502 | 2022 | Regular Session | Engrossed
Bill Title: School board purchasing agent; increase amount of required surety bond.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2022-03-09 - Died On Calendar [HB502 Detail]
Download: Mississippi-2022-HB502-Engrossed.html
MISSISSIPPI LEGISLATURE
2022 Regular Session
To: Accountability, Efficiency, Transparency
By: Representative Boyd
House Bill 502
(As Passed the House)
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 * * * the 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, 2022.
