§ 4-102. Surety bond

   (a) Required. -- While in office, the Comptroller shall be covered by a surety bond as required in this section.

(b) Form and conditions. -- The surety bond of the Comptroller shall:

   (1) run to the State;

   (2) be in the amount of $ 200,000;

   (3) be with surety that the Governor approves; and

   (4) be conditioned on the Comptroller:

      (i) accounting for the funds that are received under color of office; and

      (ii) otherwise discharging faithfully each duty of office.

(c) Filing. -- After execution and approval of a surety bond under this section, the surety bond shall be recorded in the office of the Clerk of the Court of Appeals.

HISTORY: An. Code 1957, art. 19, § 2; 1984, ch. 284, § 1.