What Does It Mean For A Treasurer To Be Bonded. Any questions regarding the requirements for a particular officer should be. Web the statute provides that before the treasurer enters upon his or her duties, the treasurer must be bonded for 25% of the amount over which the treasurer has control at the time.
Position Vacant
Web the rate is fixed at auction. See interest rates of recent bond auctions. Web rather, bonding is required because experience has shown that when people are entrusted with the money or property of another, there will be instances when individuals will. Web a bond is essentially insurance coverage, and getting bonded is a very important part of doing business for many service professionals. Web what does “bonded” mean? Web official bond and this appears to be the better procedure since clerks often handle municipal funds and property. Treasurer surety bonds help guarantee the public that the. Web the difference between what you paid and what you receive back is the yield, which is usually expressed as a percentage. In villages an official bond or coverage is required by statute of the. Web the official bond executed pursuant to s.
While insurance offers protection for the company, bonding offers protection to a business's customer. Web a treasurer surety bond is a type of public official surety bond required of the person holding the treasurer office. It does not vary over the life of the bond. The first step in getting. If something goes wrong, the customer can file a. Web being bonded means that an insurance and bonding company has procured funds that are available to the customer contingent upon them filing a claim against the company. Web requirements for a particular officer, therefore, does not mean that requirements do not exist. Web official bond and this appears to be the better procedure since clerks often handle municipal funds and property. It is never less than 0.125%. In villages an official bond or coverage is required by statute of the. Web rather, bonding is required because experience has shown that when people are entrusted with the money or property of another, there will be instances when individuals will.
