EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.
Strike out indicates matter stricken from the bill by amendment or deleted from the law by
amendment.
*sb0775*
SENATE BILL 775
P1, C4 4lr2892
CF HB 1012
By: The President (By Request – State Treasurer)
Introduced and read first time: February 1, 2024
Assigned to: Education, Energy, and the Environment and Budget and Taxation
Committee Report: Favorable
Senate action: Adopted
Read second time: February 27, 2024
CHAPTER ______
AN ACT concerning 1
State Officers and Employees – Required Surety Bonds – Insurance Policies 2
Authorized 3
FOR the purpose of altering the requirements that certain officers and employees of the 4
State be covered by certain surety bonds to allow the officers and employees to be 5
covered by certain insurance policies; transferring certain duties and responsibilities 6
of the Maryland State Employees Surety Bond Committee to the State Treasurer; 7
repealing certain provisions of law related to the approval, form, and record of 8
certain surety bonds required for certain officers and employees of the State; and 9
generally relating to surety bond and insurance coverage requirements for certain 10
officers and employees of the State. 11
BY repealing and reenacting, with amendments, 12
Article – Agriculture 13
Section 8–205(c)(8) and 8–303(c) 14
Annotated Code of Maryland 15
(2016 Replacement Volume and 2023 Supplement) 16
BY repealing and reenacting, with amendments, 17
Article – Business Occupations and Professions 18
Section 3–204(d)(2), 7–203(c), 16–203(c), 16–205(e), 17–203(d), and 17–205(f) 19
Annotated Code of Maryland 20
(2018 Replacement Volume and 2023 Supplement) 21
BY repealing and reenacting, with amendments, 22 2 SENATE BILL 775
Article – Business Regulation 1
Section 4–204(d), 8–205(d), and 11–204(d) 2
Annotated Code of Maryland 3
(2015 Replacement Volume and 2023 Supplement) 4
BY repealing and reenacting, with amendments, 5
Article – Correctional Services 6
Section 3–217 7
Annotated Code of Maryland 8
(2017 Replacement Volume and 2023 Supplement) 9
BY repealing and reenacting, with amendments, 10
Article – Economic Development 11
Section 10–313(b) 12
Annotated Code of Maryland 13
(2018 Replacement Volume and 2023 Supplement) 14
BY repealing 15
Article – Education 16
Section 18–1908(a) 17
Annotated Code of Maryland 18
(2022 Replacement Volume and 2023 Supplement) 19
BY adding to 20
Article – Education 21
Section 18–1908(a) 22
Annotated Code of Maryland 23
(2022 Replacement Volume and 2023 Supplement) 24
BY repealing and reenacting, with amendments, 25
Article – Insurance 26
Section 2–103(e) and 2–104(a)(3) 27
Annotated Code of Maryland 28
(2017 Replacement Volume and 2023 Supplement) 29
BY repealing and reenacting, with amendments, 30
Article – Labor and Employment 31
Section 8–414(b)(1) 32
Annotated Code of Maryland 33
(2016 Replacement Volume and 2023 Supplement) 34
BY repealing and reenacting, with amendments, 35
Article – Natural Resources 36
Section 3–103(e)(1)(v) and (2)(ii) and 3–903(g) 37
Annotated Code of Maryland 38
(2023 Replacement Volume and 2023 Supplement) 39
SENATE BILL 775 3
BY repealing and reenacting, with amendments, 1
Article – State Finance and Procurement 2
Section 8–135(c) 3
Annotated Code of Maryland 4
(2021 Replacement Volume and 2023 Supplement) 5
BY repealing and reenacting, with amendments, 6
Article – State Government 7
Section 2–1218(b)(3), 4–102, 4–104(b)(2), 5–102, 5–102.1, and 5–105(a)(2) 8
Annotated Code of Maryland 9
(2021 Replacement Volume and 2023 Supplement) 10
BY adding to 11
Article – State Government 12
Section 5–108 13
Annotated Code of Maryland 14
(2021 Replacement Volume and 2023 Supplement) 15
BY repealing 16
Article – State Government 17
Section 9–1701 through 9–1707 and the subtitle “Subtitle 17. Maryland State 18
Employees Surety Bond Committee” 19
Annotated Code of Maryland 20
(2021 Replacement Volume and 2023 Supplement) 21
BY repealing and reenacting, with amendments, 22
Article – State Personnel and Pensions 23
Section 21–210(a) 24
Annotated Code of Maryland 25
(2015 Replacement Volume and 2023 Supplement) 26
BY repealing and reenacting, with amendments, 27
Article – Transportation 28
Section 8–204(e)(2) 29
Annotated Code of Maryland 30
(2020 Replacement Volume and 2023 Supplement) 31
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 32
That the Laws of Maryland read as follows: 33
Article – Agriculture 34
8–205. 35
(c) The Committee shall: 36
4 SENATE BILL 775
(8) Provide for the execution of surety bonds OR INSURANCE POLICIE S 1
OF THE TYPE AND IN T HE AMOUNT OF COVERAG E DETERMINED BY THE STATE 2
TREASURER UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE for every 3
employee or officer entrusted with funds or property; 4
8–303. 5
(c) The supervisors shall provide for the execution of surety bonds OR 6
INSURANCE POLICIES O F THE TYPE AND IN TH E AMOUNT OF COVERAGE 7
DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THE STATE 8
GOVERNMENT ARTICLE for every employee and officer who is entrusted with funds or 9
property. They shall provide for the keeping of a full and accurate record of all proceedings 10
and of all resolutions, rules and regulations, and orders issued or adopted. They shall 11
provide for an annual audit of the accounts of receipts and disbursements. 12
Article – Business Occupations and Professions 13
3–204. 14
(d) (2) The Board may require the staff to be covered by a surety bond [in the 15
form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE 16
AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF 17
THE STATE GOVERNMENT ARTICLE. 18
7–203. 19
(c) The secretary of the Board shall be covered by a surety bond [in the form and 20
amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE AMOUNT 21
OF COVERAGE DETERMIN ED BY THE STATE TREASURER UNDER § 5–108 OF THE 22
STATE GOVERNMENT ARTICLE. 23
16–203. 24
(c) While in office, the chairman shall be covered by a surety bond [in the form 25
and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE 26
AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF 27
THE STATE GOVERNMENT ARTICLE. 28
16–205. 29
(e) While employed as executive director, the executive director shall be covered 30
by a surety bond [in the form and amount required by law] OR AN INSURANCE POLI CY 31
OF THE TYPE AND IN T HE AMOUNT OF COVERAG E DETERMINED BY THE STATE 32
TREASURER UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE. 33
SENATE BILL 775 5
17–203. 1
(d) While in office, the chairman shall be covered by a surety bond [in the form 2
and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE 3
AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF 4
THE STATE GOVERNMENT ARTICLE. 5
17–205. 6
(f) While employed as executive director, the executive director shall be covered 7
by a surety bond [in the form and amount required by law] OR AN INSURANCE POLI CY 8
OF THE TYPE AND IN T HE AMOUNT OF COVERAGE DETERMINED BY THE STATE 9
TREASURER UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE. 10
Article – Business Regulation 11
4–204. 12
(d) While in office, each member of the Commission shall be covered by a surety 13
bond [in the form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE 14
AND IN THE AMOUNT OF COVERAGE DETERMINED BY THE STATE TREASURER 15
UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE. 16
8–205. 17
(d) While employed as executive director, the executive director shall be covered 18
by a surety bond [in the form and amount required by law] OR AN INSURANCE POLI CY 19
OF THE TYPE AND IN T HE AMOUNT OF COVERAG E DETERMINED BY THE STATE 20
TREASURER UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE. 21
11–204. 22
(d) While in office, each member of the Commission shall be covered by a surety 23
bond [in the form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE 24
AND IN THE AMOUNT OF COVERAGE DETERMINED BY THE STATE TREASURER 25
UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE. 26
Article – Correctional Services 27
3–217. 28
(a) (1) The Governor may require the Commissioner to execute a surety bond 29
in an amount that the Governor establishes OR AN INSURANCE POLI CY OF THE TYPE 30
AND IN THE AMOUNT OF COVERAGE DETERMINED BY THE GOVERNOR IN 31
CONSULTATION WITH TH E STATE TREASURER. 32 6 SENATE BILL 775
(2) The Commissioner may require any officer or other employee of the 1
Division to execute a surety bond in the amount that the Commissioner, with the approval 2
of the [Comptroller] STATE TREASURER, establishes. 3
(3) The bond shall be conditioned on the individual faithfully performing 4
the duties of office and accounting for all funds officially received. 5
(b) (1) [The] A surety bond for the Commissioner shall be issued by a 6
corporate surety approved by the Governor. 7
(2) [The] ANY surety bond for [any] AN officer or other employee of the 8
Division shall be issued by a corporate surety approved by the Commissioner and the 9
[Comptroller] STATE TREASURER. 10
(c) The premium for a surety bond OR AN INSURANCE POLI CY issued under this 11
section shall be paid by the Division. 12
(d) An individual who fails to provide or maintain a surety bond OR AN 13
INSURANCE POLICY as required by this section: 14
(1) may not assume the duties of the individual’s position; and 15
(2) after 30 days, forfeits the individual’s office or employment. 16
Article – Economic Development 17
10–313. 18
(b) Each member, the Executive Director, each other officer, and each employee 19
of the Authority shall be covered by a surety bond [in accordance with Title 9, Subtitle 17 20
of the State Government Article] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE 21
AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF 22
THE STATE GOVERNMENT ARTICLE. 23
Article – Education 24
18–1908. 25
[(a) The State Treasurer shall purchase a bond for each fiduciary in accordance 26
with Title 9, Subtitle 17 of the State Government Article.] 27
(A) EACH FIDUCIARY SHALL BE COVERED BY A SURE TY BOND OR AN 28
INSURANCE POLICY OF THE TYPE AND IN THE AMOUNT OF COVERAGE D ETERMINED 29 SENATE BILL 775 7
BY THE STATE TREASURER UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE, 1
AS A FIDUCIARY OF TH E TRUST. 2
Article – Insurance 3
2–103. 4
(e) The Commissioner shall be covered by a surety bond [in the form and amount 5
required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE AMOUNT OF 6
COVERAGE DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THE STATE 7
GOVERNMENT ARTICLE. 8
2–104. 9
(a) (3) The Deputy Commissioner shall be covered by a surety bond [in the 10
form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE 11
AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF 12
THE STATE GOVERNMENT ARTICLE. 13
Article – Labor and Employment 14
8–414. 15
(b) (1) Subject to § 8–405 of this subtitle and paragraph (2) of this subsection, 16
the Secretary shall use the Unemployment Insurance Administration Fund to pay the 17
administrative costs of this title including the costs of: 18
(i) office space in accordance with § 8–421(c) of this subtitle; and 19
(ii) the PREMIUM OF ANY surety bond OR INSURANCE POLICY of 20
the State Treasurer under § 5–102.1 of the State Government Article for the 21
Unemployment Insurance Administration Fund. 22
Article – Natural Resources 23
3–103. 24
(e) (1) (v) Upon entering the performance of official duties, the Treasurer 25
shall be covered by a surety bond [in accordance with the provisions of law concerning the 26
State Employees Surety Bond Committee] OR AN INSURANCE POLI CY OF THE TYPE AND 27
IN THE AMOUNT OF COV ERAGE DETERMINED BY THE STATE TREASURER UNDER § 28
5–108 OF THE STATE GOVERNMENT ARTICLE. 29
(2) (ii) The Deputy Treasurer shall be covered by a surety bond [in 30
accordance with the provisions of law concerning the State Employees Surety Bond 31
Committee] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE AMOUN T OF 32 8 SENATE BILL 775
COVERAGE DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THE STATE 1
GOVERNMENT ARTICLE. 2
3–903. 3
(g) Each member of the Authority, the executive director and such employees as 4
may be designated by the Authority, shall, upon entering the performance of their duties, 5
be covered by a surety bond [in accordance with the provisions of Title 9, Subtitle 17 of the 6
State Government Article] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE 7
AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF 8
THE STATE GOVERNMENT ARTICLE. 9
Article – State Finance and Procurement 10
8–135. 11
(c) During its agency, the fiscal agent shall be covered by a surety bond [in the 12
form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE 13
AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF 14
THE STATE GOVERNMENT ARTICLE. 15
Article – State Government 16
2–1218. 17
(b) The Legislative Auditor must: 18
(3) while in office, be covered by a surety bond [in the form and amount 19
required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE AMOUNT OF 20
COVERAGE DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THIS 21
ARTICLE. 22
4–102. 23
(a) While in office, the Comptroller shall be covered by a surety bond OR AN 24
INSURANCE POLICY as required in this section. 25
(b) [The] A surety bond of the Comptroller shall: 26
(1) run to the State; 27
(2) be in the amount of $200,000; 28
(3) be with surety that the Governor approves; and 29
(4) be conditioned on the Comptroller: 30 SENATE BILL 775 9
(i) accounting for the funds that are received under color of office; 1
and 2
(ii) otherwise discharging faithfully each duty of office. 3
(c) After execution and approval of a surety bond under this section, the surety 4
bond shall be recorded in the office of the Clerk of the Supreme Court of Maryland. 5
(D) THE STATE TREASURER SHALL DETER MINE THE TYPE AND AM OUNT OF 6
COVERAGE TO BE PROVI DED BY AN INS URANCE POLICY PURCHA SED UNDER 7
SUBSECTION (A) OF THIS SECTION AND KEEP RECORD OF ANY I NSURANCE POLICY 8
PROCURED TO MEET THE REQUIREMENTS OF SUBS ECTION (A) OF THIS SECTION. 9
4–104. 10
(b) (2) While in office, the Chief Deputy Comptroller and each deputy 11
comptroller shall be covered by a surety bond [in the form and amount required by law] OR 12
AN INSURANCE POLICY OF THE TYPE AND IN T HE AMOUNT OF COVERAG E 13
DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THIS ARTICLE . 14
5–102. 15
(a) While in office, the Treasurer shall be covered by a surety bond OR AN 16
INSURANCE POLICY as required in this section. 17
(b) [The] A surety bond under this section shall: 18
(1) run to the State; 19
(2) be in the amount that the Governor approves; 20
(3) be with a surety company that is authorized to do business in the State; 21
and 22
(4) include provisions that secure the money of: 23
(i) the Injured Workers’ Insurance Fund; 24
(ii) the Subsequent Injury Fund; and 25
(iii) the Unemployment Insurance Administration Fund. 26
(c) (1) If the Governor believes that [the] A surety bond under this section has 27
or is likely to become invalid or insufficient, the Governor shall demand that the Treasurer 28
obtain coverage under a new surety bond that meets the requirements of this section. 29 10 SENATE BILL 775
(2) Neglect or refusal to obtain the coverage within 20 days after the 1
demand constitutes disqualification from office, as authorized in the Maryland 2
Constitution. 3
(d) After execution and approval of a surety bond under this section, the surety 4
bond shall be recorded in the office of the Clerk of the Supreme Court of Maryland. 5
(E) (1) THE GOVERNOR, IN CONSULTATION WITH THE STATE 6
TREASURER, SHALL DETERMINE THE TYPE AND AMOUNT OF C OVERAGE PROVIDED 7
BY AN INSURANCE POLI CY PURCHASED UNDER S UBSECTION (A) OF THIS SECTION. 8
(2) THE STATE TREASURER SHALL KEEP A RECORD OF ANY 9
INSURANCE POLICY PRO CURED FOR THE PURPOS E OF MEETING THE 10
REQUIREMENTS OF SUBS ECTION (A) OF THIS SECTION. 11
5–102.1. 12
(a) In addition to the bond OR INSURANCE POLICY required under § 5–102 of 13
this subtitle, the State Treasurer shall be covered by a surety bond [as required in] OR AN 14
INSURANCE POLICY MEE TING THE REQUIREMENT S OF this section. 15
(b) [The] A surety bond [under] PURCHASED TO MEET TH E REQUIREMENTS 16
OF SUBSECTION (A) OF this section shall: 17
(1) be conditioned on the faithful performance of the duties of the State 18
Treasurer as custodian of the Unemployment Insurance Fund; 19
(2) run to the State; 20
(3) be in an amount that the Secretary approves; and 21
(4) be in a form required by law or approved by the Attorney General. 22
(C) AN INSURANCE POLICY P URCHASED TO MEET THE REQUIREMENTS OF 23
SUBSECTION (A) OF THIS SECTION SHAL L BE OF THE TYPE AND IN THE AMOUNT OF 24
COVERAGE DETERMINED BY THE STATE TREASURER, IN CONSULTATION WITH THE 25
SECRETARY OF LABOR. 26
5–105. 27
(a) (2) While on the staff, an individual shall be covered by a surety bond [in 28
the form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N 29
THE AMOUNT OF COVERA GE DETERMINED BY THE STATE TREASURER UNDER § 30
5–108 OF THIS SUBTITLE. 31 SENATE BILL 775 11
5–108. 1
(A) IN DETERMINING THE TY PE AND AMOUNT OF COV ERAGE OF ANY SURETY 2
BOND OR INSURANCE PO LICY REQUIRED BY LAW , THE STATE TREASURER SHALL 3
HAVE DUE REGARD FOR THE DUTIES AND RESPO NSIBILITIES OF THE O FFICER OR 4
EMPLOYEE. 5
(B) AN OFFICER OR EMPLOYE E WHO IS REQUIRED TO BE BONDED OR 6
INSURED SHALL BE COV ERED, ON BEGINNING THE PER FORMANCE OF THE 7
OFFICER’S OR EMPLOYEE ’S DUTIES, BY A SURETY BOND OR AN INSURANCE POLICY 8
OF THE TYPE SPECIFIE D AND IN THE AMOUNT AND TERM TO BE DETER MINED BY THE 9
STATE TREASURER. 10
(C) EACH STATE OFFICER OR EMPL OYEE, OTHER THAN THOSE 11
SPECIFICALLY REQUIRE D TO BE BONDED OR IN SURED IN ACCORDANCE WITH ANY 12
LAW OF THE STATE, WHO IN THE OPINION O F THE STATE TREASURER SHOULD BE 13
BONDED OR INSURED SH ALL BE BONDED WITH T HE TYPE OF BOND OR I NSURANCE 14
AND IN THE AMOUNT AN D TERM TO BE DETERMI NED BY THE STATE TREASURER. 15
(D) THE STATE TREASURER SHALL KEEP A RECORD OF EACH INS URANCE 16
POLICY PURCHASED TO MEET THE REQUIREMENT S OF SUBSECTION (B) OF THIS 17
SECTION. 18
(E) (1) ON THE PURCHASE OF AN Y BOND REQUIRED BY LAW , A COPY OF 19
THE BOND SHALL BE SE NT TO THE COMPTROLLER . 20
(2) A RECORD SHALL BE KEPT IN THE OFFICE OF THE STATE 21
COMPTROLLER GIVING : 22
(I) THE NAME OF THE OFFI CER OR EMPLOYEE FOR WHOM ANY 23
INDIVIDUAL BOND IS I SSUED; 24
(II) THE NAME OF THE AGENCY IN WHICH THE OFFICER OR 25
EMPLOYEE IS EMPLOYED OR THE NAME OF THE A GENCIES COVERED UNDE R A 26
BLANKET BOND PROGRAM ; 27
(III) THE NAME OF THE COMP ANY ISSUING THE BOND ; AND 28
(IV) THE AMOUNT , DATE, AND TIME OF EXPIRATI ON OF THE 29
BOND AND OF ANY CERTIFICATE RENEWING THE BOND. 30
[Subtitle 17. Maryland State Employees Surety Bond Committee.] 31
12 SENATE BILL 775
[9–1701. 1
In this subtitle, “Committee” means the Maryland State Employees Surety Bond 2
Committee.] 3
[9–1702. 4
There is a committee on bonding of State officers and employees, known as the 5
Maryland State Employees Surety Bond Committee.] 6
[9–1703. 7
The Committee consists of the State Treasurer, the State Comptroller, and the 8
Attorney General or their designated representatives.] 9
[9–1704. 10
(a) The Committee may periodically set the type and amount of the bonds of each 11
State officer and employee who is required to be bonded in accordance with any law of the 12
State, having due regard for the duties and responsibilities of the officer or employee. 13
(b) An officer or employee who is required to be bonded shall be covered, on 14
entering the performance of the officer’s or employee’s duties, by a surety bond of the type 15
specified and in the amount and term fixed by the Committee.] 16
[9–1705. 17
Each State officer or employee other than those specifically required to be bonded in 18
accordance with any law of the State, who in the opinion of the Committee should be 19
bonded, shall be bonded with the type of bond and in the amount and term to be determined 20
by the Committee.] 21
[9–1706. 22
(a) Bonds purchased in accordance with §§ 9–1704 and 9–1705 of this subtitle 23
shall be purchased by the State Treasurer on prior approval of the Board of Public Works 24
from a company authorized to issue the bonds and authorized to do business in the State. 25
(b) The premium on bonds purchased in accordance with §§ 9–1704 and 9–1705 26
of this subtitle shall be provided for in the State budget. 27
(c) On prior approval of the Board of Public Works, the State Treasurer may at 28
any time any bond coverage is no longer required, cause the bond to be canceled or 29
terminated and may collect any rebate of premium on the bond.] 30
[9–1707. 31 SENATE BILL 775 13
(a) Each bond required by §§ 9–1704 and 9–1705 of this subtitle shall be approved 1
as to form by the Attorney General and filed in the Office of the State Comptroller. 2
(b) A record shall be kept in the Office of the State Comptroller giving: 3
(1) the name of the officer or employee for whom any individual bond is 4
issued; 5
(2) the name of the agency in which the officer or employee is employed or 6
the name of the agencies covered under a blanket bond program; 7
(3) the name of the company issuing the bond; and 8
(4) the amount, date, and time of expiration of the bond and of any 9
certificate renewing the bond.] 10
Article – State Personnel and Pensions 11
21–210. 12
(a) Except as provided in subsection (c) of this section, the State shall purchase a 13
bond for each fiduciary in [accordance with Title 9, Subtitle 17 of the State Government 14
Article] THE FORM AND AMOUNT DETERMINED BY THE STATE TREASURER UNDER § 15
5–108 OF THE STATE GOVERNMENT ARTICLE, IN CONSULTATION WITH THE BOARD 16
OF TRUSTEES. 17
Article – Transportation 18
8–204. 19
(e) (2) Any employee of the Administration may be bonded [under Title 9, 20
Subtitle 17 of the State Government Article] OR COVERED BY AN INS URANCE POLICY AS 21
DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THE STATE 22
GOVERNMENT ARTICLE. 23
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June 24
1, 2024. 25