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 Oklahoma Statutes (Last Updated: September 18, 2014)
 Title 74. STATE GOVERNMENT

  § 74-85.29. Schedule of amounts of surety required.  

Latest version.

  • Text effective until January 1, 2015

    (for text effective beginning January 1, 2015, see below)

    The amount of surety required for each state officer or employee pursuant to Sections 85.26 through 85.31 of this title is as follows:

    DEPARTMENTAMOUNT OF BOND

    Office of the State Treasurer              $300,000.00

    Oklahoma Employment Security Commission              $150,000.00

    Central Services Division of the Office of Management and Enterprise Services              100,000.00

    Insurance Commission              100,000.00

    Office of the State Auditor and Inspector              50,000.00

    Finance Division of the Office of Management and Enterprise Services              50,000.00

    Bank Commissioner              50,000.00

    CompSource Oklahoma President and Chief Executive Officer              50,000.00

    Commissioners of the Land Office              50,000.00

    Oklahoma Securities Commission              50,000.00

    Oklahoma Tax Commission              50,000.00

    Department of Human Services              50,000.00

    Oklahoma Public Employees Retirement System              50,000.00

    Corporation Commission              50,000.00

    State Board of Education              50,000.00

    Finance Division              150,000.00

    All Others              25,000.00

    Department of Transportation              25,000.00

    Boards of Regents of Oklahoma Universities and Colleges              50,000.00

    Office of Attorney General              10,000.00

    The University Hospitals              50,000.00

    All Other State Departments, Agencies, Institutions, Commissions, Authorities, and other bodies of state government              10,000.00

    Provided, however, that nothing in The Oklahoma Central Purchasing Act shall prohibit any head of a department, institution, agency, commission, authority or other body of state government from requiring the Central Purchasing Division to purchase increased amounts of blanket bond coverage for his or her employees up to a total maximum coverage of Fifty Thousand Dollars ($50,000.00) when the listed amount is deemed inadequate.  The cost of increased coverage shall be borne by the department, institution, agency, commission, authority or other body of state government requesting the increased coverage.

Added by Laws 1974, c. 131, § 4, operative July 1, 1974.  Amended by Laws 1979, c. 30, § 163, emerg. eff. April 6, 1979; Laws 1980, c. 159, § 35, emerg. eff. April 2, 1980; Laws 1983, c. 304, § 113, eff. July 1, 1983; Laws 1989, c. 353, § 8, emerg. eff. June 3, 1989; Laws 1994, c. 283, § 6, eff. Sept. 1, 1994; Laws 2002, c. 50, § 5, eff. Nov. 1, 2002; Laws 2007, c. 354, § 17, eff. Nov. 1, 2007; Laws 2012, c. 304, § 750.

Note

NOTE:  Laws 1983, c. 135, § 1 repealed by Laws 1989, c. 353, § 14, emerg. eff. June 3, 1989.