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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
(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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