South Carolina General Assembly
116th Session, 2005-2006

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A58, R67, S506

STATUS INFORMATION

General Bill
Sponsors: Senator Scott
Document Path: l:\council\bills\dka\3197dw05.doc
Companion/Similar bill(s): 3513

Introduced in the Senate on February 17, 2005
Introduced in the House on April 20, 2005
Last Amended on April 14, 2005
Passed by the General Assembly on May 11, 2005
Governor's Action: May 16, 2005, Signed

Summary: Fidelity bonds

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   2/17/2005  Senate  Introduced and read first time SJ-4
   2/17/2005  Senate  Referred to Committee on Judiciary SJ-4
   4/13/2005  Senate  Committee report: Favorable with amendment Judiciary 
                        SJ-17
   4/14/2005  Senate  Amended SJ-19
   4/14/2005  Senate  Read second time SJ-19
   4/19/2005  Senate  Read third time and sent to House SJ-45
   4/20/2005  House   Introduced and read first time HJ-12
   4/20/2005  House   Referred to Committee on Medical, Military, Public and 
                        Municipal Affairs HJ-12
    5/5/2005  House   Recalled from Committee on Medical, Military, Public and 
                        Municipal Affairs HJ-35
   5/10/2005  House   Read second time HJ-16
   5/11/2005  House   Read third time and enrolled HJ-26
   5/11/2005          Ratified R 67
   5/16/2005          Signed By Governor
   5/18/2005          Copies available
   5/18/2005          Effective date 05/16/05
   5/25/2005          Act No. 58

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

2/17/2005
4/13/2005
4/14/2005
5/5/2005


(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A58, R67, S506)

AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 4-11-65 SO AS TO PROVIDE THAT, WHEN BONDING OF COUNTY OFFICIALS OR EMPLOYEES IS STATUTORILY REQUIRED, THE GOVERNING BODY OF A COUNTY MAY PURCHASE A FIDELITY BOND TO COVER ALL OR A PORTION OF THE COUNTY OFFICIALS AND EMPLOYEES, TO SPECIFY WHEN A FIDELITY BOND MAY BE USED INSTEAD OF CERTAIN STATUTORY BOND REQUIREMENTS, TO REQUIRE THE PURCHASE OF A FIDELITY BOND OR THE REPLACEMENT OF AN EXISTING BOND WITH A FIDELITY BOND COVERING ONE OR MORE COUNTY OFFICIALS OR EMPLOYEES TO BE EVIDENCED BY THE PASSAGE OF A RESOLUTION BY THE COUNTY'S GOVERNING BODY, AND TO REQUIRE THE FIDELITY BOND MUST MEET OR EXCEED THE MINIMUM VALUE OF THE BOND REQUIRED BY A STATUTE FOR THE COVERED OFFICIALS OR EMPLOYEES.

Be it enacted by the General Assembly of the State of South Carolina:

Fidelity bond authorized

SECTION    1.    Chapter 11, Title 4 of the 1976 Code is amended by adding:

"Section 4-11-65.    (A)    When bonding of county officials or employees is statutorily required, the governing body of a county may purchase a fidelity bond to cover all or a portion of the county officials and employees. A fidelity bond may be used instead of specific statutory bond requirements including, but not limited to, those found in Sections 12-39-10, 12-45-10, 14-17-40, 14-17-60, 14-17-350, 14-23-1050, 17-5-20, 17-5-70, 22-1-150, 22-1-160, 23-11-30, and 23-13-20. Any officials or employees not covered by a fidelity bond must be bonded as required by statute.

(B)    The purchase of a fidelity bond as provided in subsection (A) or the replacement of an existing bond with a fidelity bond covering one or more county officials or employees must be evidenced by passage of a resolution by the county's governing body. A fidelity bond must meet or exceed the minimum value of the bond required by the statute or statutes for the covered officials or employees."

Time effective

SECTION    2.    This act takes effect upon approval by the Governor.

Ratified the 11th day of May, 2005.

Approved the 16th day of May, 2005.

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