§ 24-22-101 — Oath or affirmation - bond and sureties - conditions of bond

Colorado § 24-22-101

• Jurisdiction: Colorado
• Title 24: Government
• Art.: State Treasurer

Text

(1)
On or before the second Tuesday in January after his or her election, the state
treasurer shall take an oath or affirmation in accordance with section 24-12-101 and
shall give a bond to the people of the state of Colorado in the sum of one million
dollars, with not less than ten individual sureties or one or more surety companies
authorized to do business in this state. The bond and each surety shall be approved
by the governor and the attorney general and held in the custody of the secretary
of state.

(2) The conditions of said bond shall be in substance that the state treasurer
and all persons employed in the treasury department under his supervision shall
faithfully discharge their respective duties and trusts and that the state treasurer
shall be held responsible against all risks and losses whatsoever for all state
moneys coming into his hands or received by the treasury department.

(3) If the bond is furnished by one or more surety companies, the entire
premium therefor shall be paid by the state, and the general assembly shall
appropriate the amount thereof.

(4) Whenever the governor, with the concurrence of the attorney general,
deems the surety on said bond to be insufficient for the said sum of one million
dollars, he may demand, and the state treasurer shall give, additional bond with
sureties, at the cost of the state, to be approved by the governor and the attorney
general.

Legislative History

Source: L. 71: R&RE, p. 1236, � 1. C.R.S. 1963: � 132-3-1. L. 2018: (1) amended, (HB 18-1138), ch. 88, p. 696, � 19, effective August 8.