Indiana § 5-4-5-2 Cost of bond; source of payment

Indiana Statutes

§ 5-4-5-2 — Cost of bond; source of payment

Indiana § 5-4-5-2

Title 5STATE AND LOCAL ADMINISTRATION

Art. 4OFFICERS' BONDS AND OATHS

Ch. 5Bonds Obtained From Surety Companies

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Bluebook

Ind. Code § 5-4-5-2 (2026).

Text

The cost of any such bond or other like obligation
so procured, if furnished by a state officer or employee, shall be paid
out of the general fund of the state treasury; if furnished by an officer
or employee of any state institution, such cost shall be paid out of the
maintenance fund of such institution; if furnished by a county, city,
town, or township officer or employee, such cost shall be paid out of
the general fund of the county, city, town, or township in and for which
such officer or employee shall have been or shall be elected or
appointed, as the case may be; if furnished by any officer or employee
of any school corporation, such cost shall be paid out of the fund of the
school corporation in accordance with the categories of expenditures
established under IC 20-42.5-3 and for 

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The cost of any such bond or other like obligation
so procured, if furnished by a state officer or employee, shall be paid
out of the general fund of the state treasury; if furnished by an officer
or employee of any state institution, such cost shall be paid out of the
maintenance fund of such institution; if furnished by a county, city,
town, or township officer or employee, such cost shall be paid out of
the general fund of the county, city, town, or township in and for which
such officer or employee shall have been or shall be elected or
appointed, as the case may be; if furnished by any officer or employee
of any school corporation, such cost shall be paid out of the fund of the
school corporation in accordance with the categories of expenditures
established under IC 20-42.5-3 and for which such officer or employee
shall have been or shall be elected or appointed; and if furnished by
any officer or employee of any municipal corporation or political
subdivision of the state, other than those designated in this section,
such cost shall be paid out of the operating or maintenance fund of
such corporation or political subdivision in or for which such officer or
employee is acting.
Formerly: Acts 1925, c.30, s.2. As amended by P.L.25-1986,
SEC.15; P.L.238-2019, SEC.5.