Browse Arkansas Code titles and sections
19-5-954. Fidelity Bond Trust Fund.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-5-954. Fidelity Bond Trust Fund.
(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “Fidelity Bond Trust Fund”.
(b) The fund shall consist of bond premiums collected under § 21-2-701 et seq., there to be administered and disbursed by the Governmental Bonding Board for the use and benefit of participating governmental entities for bond claims and board expenses.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-5-954
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:19-5-954
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: ecf621517e27c7a01e3438d7e070ebc6feb979ac62034421e555e13764c74f38
Source location: content.xml paragraph 6923
Stored source content
19-5-954. Fidelity Bond Trust Fund.
(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “Fidelity Bond Trust Fund”.
(b) The fund shall consist of bond premiums collected under § 21-2-701 et seq., there to be administered and disbursed by the Governmental Bonding Board for the use and benefit of participating governmental entities for bond claims and board expenses.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
21-2-701. Purpose.
It is found and determined that:
(1) The State of Arkansas and the counties, municipalities, and school districts of the State of Arkansas are expending large sums of money each year for premiums on blanket bonds for officers and employees;
(2) Considerable savings might be effected by the establishment of a self-insured fidelity bond program for state officials and employees, county officials and employees, municipal officials and employees, and school district officials and employees;
(3) This subchapter is designed to establish a governmental bonding board to develop a self-insured fidelity bond program for those officials and employees; and
(4) This subchapter is designed to provide that self-insured fidelity bonds would be in lieu of the various blanket bonds which are presently required under this chapter for various officials and employees and to thereby effectuate substantial savings in the cost of blanket bonds for those officials and employees.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 21-2-701
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 21-2-701. This identifies an authority to review, not proof of applicability.