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Text: SF00297                           Text: SF00299
Text: SF00200 - SF00299                 Text: SF Index
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Senate File 298

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 176A.14, subsection 4, unnumbered
  1  2 paragraph 2, Code 1997, is amended to read as follows:
  1  3    5.  Each of the officers of the extension council shall
  1  4 perform and carry out the officer's duties herein as provided
  1  5 in this section imposed upon them and shall perform and carry
  1  6 out such any other duties as shall be imposed upon them in the
  1  7 required by rules adopted by the extension council from time
  1  8 to time as authorized in this chapter authorized.  The members
  1  9 A member of the extension council, within fifteen days after
  1 10 their the member's election as such, shall take and sign the
  1 11 usual oath of public officers and the same which shall be
  1 12 filed in the office of the county auditor of the county of the
  1 13 extension district.  The treasurer of the extension council,
  1 14 within ten days after the election as treasurer being elected
  1 15 and before entering upon the duties of the office as
  1 16 treasurer, shall execute to the extension council a corporate
  1 17 surety bond of one hundred twenty-five percent of the for an
  1 18 amount, as near as can be ascertained, that shall be in the
  1 19 hands of the treasurer at any one time not less than twenty
  1 20 thousand dollars.  All such bonds The bond shall be continued
  1 21 to the faithful discharge of until the treasurer faithfully
  1 22 discharges the duties of the office of treasurer.  The amount
  1 23 and sufficiency of all bonds the bond shall be determined by
  1 24 the county treasurer of the county of the extension district
  1 25 and upon the.  The county treasurer's approval shall be
  1 26 endorsed on the bond, which shall be filed with the county
  1 27 auditor of the county of the extension district who.  The
  1 28 county auditor shall notify the chairperson of the extension
  1 29 council of the approval by the county treasurer and of the
  1 30 bond's filing thereof in the auditor's office.  The cost of
  1 31 any corporate the surety bond so furnished by a treasurer
  1 32 shall be paid for by the extension council.  
  1 33                           EXPLANATION
  1 34    Code section 176A.14 provides that the treasurer of the
  1 35 extension council must execute a corporate surety bond to the
  2  1 extension district before assuming the duties of office.
  2  2 Current law provides that the amount of the bond is 125
  2  3 percent of the amount estimated to be in the custody of the
  2  4 treasurer at any one time.  This bill strikes that requirement
  2  5 and provides that the amount of the bond must be not less than
  2  6 $20,000.  The bill also makes nonsubstantive changes in the
  2  7 section in order to enhance the section's readability.  
  2  8 LSB 2387SS 77
  2  9 da/jj/8
     
Text: SF00297                           Text: SF00299
Text: SF00200 - SF00299                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index
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