§ 8-45-119 — State treasurer to give separate bond as custodian

Colorado § 8-45-119

• Jurisdiction: Colorado
• Title 08: Labor and
• Art.: Pinnacol Assurance

Text

(1) The state
treasurer shall give a separate and additional bond in such amount as may be fixed
by the board with sureties to be approved by the governor, conditioned for the
faithful performance of the state treasurer's duties as custodian of the Pinnacol
Assurance fund, and as custodian of all the bonds, warrants, investments, and
moneys of, or belonging to, said Pinnacol Assurance fund, subject to all provisions
of law governing bonds of the state treasurer. The premium on said bond shall be
paid out of the earnings of the Pinnacol Assurance fund.

(2) The state treasurer shall give a separate and additional bond in such
amount as may be fixed by the executive director of the department of labor and
employment with sureties to be approved by the governor, conditioned for the
faithful performance of the state treasurer's duties as custodian of the funds under
the jurisdiction of the director of the division of workers' compensation, and as
custodian of all the bonds, warrants, investments, and moneys of, or belonging to,
the funds under the jurisdiction of the director of the division of workers'
compensation, subject to all provisions of law governing bonds of the state
treasurer. The premium on said bond shall be paid out of the earnings of the funds
under the jurisdiction of the director of the division of workers' compensation on a
pro rata basis.

Legislative History

Source: L. 90: Entire article R&RE, p. 540, � 1, effective July 1. L. 2002: (1) amended, p. 1877, � 18, effective July 1.