Maryland 2024 Regular Session

Maryland Senate Bill SB775 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	WES MOORE, Governor Ch. 438
2	1
3		-	– 1 –
4		-	Chapter 438
5		-	(Senate Bill 775)
6	2
7		-	AN ACT concerning
	3	+	EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
	4	+	[Brackets] indicate matter deleted from existing law.
	5	+	Underlining indicates amendments to bill.
	6	+	Strike out indicates matter stricken from the bill by amendment or deleted from the law by
	7	+	amendment.
	8	+	sb0775
8	9
9		-	State Officers and Employees – Required Surety Bonds – Insurance Policies
10		-	Authorized
	10	+	SENATE BILL 775
	11	+	P1, C4 4lr2892
	12	+	CF HB 1012
	13	+	By: The President (By Request – State Treasurer)
	14	+	Introduced and read first time: February 1, 2024
	15	+	Assigned to: Education, Energy, and the Environment and Budget and Taxation
	16	+	Committee Report: Favorable
	17	+	Senate action: Adopted
	18	+	Read second time: February 27, 2024
11	19
12		-	FOR the purpose of altering the requirements that certain officers and employees of the
13		-	State be covered by certain surety bonds to allow the officers and employees to be
14		-	covered by certain insurance policies; transferring certain duties and responsibilities
15		-	of the Maryland State Employees Surety Bond Committee to the State Treasurer;
16		-	repealing certain provisions of law related to the approval, form, and record of
17		-	certain surety bonds required for certain officers and employees of the State; and
18		-	generally relating to surety bond and insurance coverage requirements for certain
19		-	officers and employees of the State.
	20	+	CHAPTER ______
20	21
21		-	BY repealing and reenacting, with amendments,
22		-	Article – Agriculture
23		-	Section 8–205(c)(8) and 8–303(c)
24		-	Annotated Code of Maryland
25		-	(2016 Replacement Volume and 2023 Supplement)
	22	+	AN ACT concerning 1
26	23
27		-	BY repealing and reenacting, with amendments,
28		-	Article – Business Occupations and Professions
29		-	Section 3–204(d)(2), 7–203(c), 16–203(c), 16–205(e), 17–203(d), and 17–205(f)
30		-	Annotated Code of Maryland
31		-	(2018 Replacement Volume and 2023 Supplement)
	24	+	State Officers and Employees – Required Surety Bonds – Insurance Policies 2
	25	+	Authorized 3
32	26
33		-	BY repealing and reenacting, with amendments,
34		-	Article – Business Regulation
35		-	Section 4–204(d), 8–205(d), and 11–204(d)
36		-	Annotated Code of Maryland
37		-	(2015 Replacement Volume and 2023 Supplement)
	27	+	FOR the purpose of altering the requirements that certain officers and employees of the 4
	28	+	State be covered by certain surety bonds to allow the officers and employees to be 5
	29	+	covered by certain insurance policies; transferring certain duties and responsibilities 6
	30	+	of the Maryland State Employees Surety Bond Committee to the State Treasurer; 7
	31	+	repealing certain provisions of law related to the approval, form, and record of 8
	32	+	certain surety bonds required for certain officers and employees of the State; and 9
	33	+	generally relating to surety bond and insurance coverage requirements for certain 10
	34	+	officers and employees of the State. 11
38	35
39		-	BY repealing and reenacting, with amendments,
40		-	Article – ~~Correctional Services~~
41		-	Section 3–~~217~~
42		-	Annotated Code of Maryland
43		-	(~~2017~~ Replacement Volume and 2023 Supplement)
	36	+	BY repealing and reenacting, with amendments, 12
	37	+	Article – Agriculture 13
	38	+	Section 8–205(c)(8) and 8–303(c) 14
	39	+	Annotated Code of Maryland 15
	40	+	(2016 Replacement Volume and 2023 Supplement) 16
44	41
45		-	BY repealing and reenacting, with amendments,
46		-	Article – ~~Economic Development~~
47		-	Section 10–~~313~~(b)
48		-	Annotated Code of Maryland
49		-	(2018 Replacement Volume and 2023 Supplement) ~~Ch. 438 2024 LAWS OF MARYLAND~~
	42	+	BY repealing and reenacting, with amendments, 17
	43	+	Article – Business Occupations and Professions 18
	44	+	Section 3–204(d)(2), 7–203(c), 16–203(c), 16–205(e), 17–203(d), and 17–205(f) 19
	45	+	Annotated Code of Maryland 20
	46	+	(2018 Replacement Volume and 2023 Supplement) 21
50	47
51		-	– 2 –
	48	+	BY repealing and reenacting, with amendments, 22 2 SENATE BILL 775
52	49
53		-	BY repealing
54		-	Article – Education
55		-	Section 18–1908(a)
56		-	Annotated Code of Maryland
57		-	(2022 Replacement Volume and 2023 Supplement)
58	50
59		-	BY adding to
60		-	Article – Education
61		-	Section 18–1908(a)
62		-	Annotated Code of Maryland
63		-	(2022 Replacement Volume and 2023 Supplement)
	51	+	Article – Business Regulation 1
	52	+	Section 4–204(d), 8–205(d), and 11–204(d) 2
	53	+	Annotated Code of Maryland 3
	54	+	(2015 Replacement Volume and 2023 Supplement) 4
64	55
65		-	BY repealing and reenacting, with amendments,
66		-	Article – ~~Insurance~~
67		-	Section 2–~~103(e) and 2–104(a)(3)~~
68		-	Annotated Code of Maryland
69		-	(2017 Replacement Volume and 2023 Supplement)
	56	+	BY repealing and reenacting, with amendments, 5
	57	+	Article – Correctional Services 6
	58	+	Section 3–217 7
	59	+	Annotated Code of Maryland 8
	60	+	(2017 Replacement Volume and 2023 Supplement) 9
70	61
71		-	BY repealing and reenacting, with amendments,
72		-	Article – ~~Labor and Employment~~
73		-	Section 8–~~414~~(b)~~(1)~~
74		-	Annotated Code of Maryland
75		-	(~~2016~~ Replacement Volume and 2023 Supplement)
	62	+	BY repealing and reenacting, with amendments, 10
	63	+	Article – Economic Development 11
	64	+	Section 10–313(b) 12
	65	+	Annotated Code of Maryland 13
	66	+	(2018 Replacement Volume and 2023 Supplement) 14
76	67
77		-	BY repealing ~~and reenacting, with amendments,~~
78		-	Article – ~~Natural Resources~~
79		-	Section 3–~~103~~(~~e)(1)(v~~) ~~and (2)(ii) and 3–903(g)~~
80		-	Annotated Code of Maryland
81		-	(~~2023~~ Replacement Volume and 2023 Supplement)
	68	+	BY repealing 15
	69	+	Article – Education 16
	70	+	Section 18–1908(a) 17
	71	+	Annotated Code of Maryland 18
	72	+	(2022 Replacement Volume and 2023 Supplement) 19
82	73
83		-	BY ~~repealing and reenacting,~~ ~~with amendments,~~
84		-	Article – ~~State Finance and Procurement~~
85		-	Section 8–~~135~~(c)
86		-	Annotated Code of Maryland
87		-	(~~2021~~ Replacement Volume and 2023 Supplement)
	74	+	BY adding to 20
	75	+	Article – Education 21
	76	+	Section 18–1908(a) 22
	77	+	Annotated Code of Maryland 23
	78	+	(2022 Replacement Volume and 2023 Supplement) 24
88	79
89		-	BY repealing and reenacting, with amendments,
90		-	Article – ~~State Government~~
91		-	Section 2–~~1218~~(b)(3)~~, 4–102, 4–104(b)(2), 5–102, 5–102.1, and 5–105(a)(2)~~
92		-	Annotated Code of Maryland
93		-	(~~2021~~ Replacement Volume and 2023 Supplement)
	80	+	BY repealing and reenacting, with amendments, 25
	81	+	Article – Insurance 26
	82	+	Section 2–103(e) and 2–104(a)(3) 27
	83	+	Annotated Code of Maryland 28
	84	+	(2017 Replacement Volume and 2023 Supplement) 29
94	85
95		-	BY adding to
96		-	Article – State Government
97		-	Section 5–108 WES MOORE, Governor Ch. 438
	86	+	BY repealing and reenacting, with amendments, 30
	87	+	Article – Labor and Employment 31
	88	+	Section 8–414(b)(1) 32
	89	+	Annotated Code of Maryland 33
	90	+	(2016 Replacement Volume and 2023 Supplement) 34
98	91
99		-	– 3 –
100		-	Annotated Code of Maryland
101		-	(2021 Replacement Volume and 2023 Supplement)
	92	+	BY repealing and reenacting, with amendments, 35
	93	+	Article – Natural Resources 36
	94	+	Section 3–103(e)(1)(v) and (2)(ii) and 3–903(g) 37
	95	+	Annotated Code of Maryland 38
	96	+	(2023 Replacement Volume and 2023 Supplement) 39
	97	+	SENATE BILL 775 3
102	98
103		-	BY repealing
104		-	Article – State Government
105		-	Section 9–1701 through 9–1707 and the subtitle “Subtitle 17. Maryland State
106		-	Employees Surety Bond Committee”
107		-	Annotated Code of Maryland
108		-	(2021 Replacement Volume and 2023 Supplement)
109	99
110		-	BY repealing and reenacting, with amendments,
111		-	Article – State ~~Personnel~~ and ~~Pensions~~
112		-	Section 21–~~210~~(a)
113		-	Annotated Code of Maryland
114		-	(~~2015~~ Replacement Volume and 2023 Supplement)
	100	+	BY repealing and reenacting, with amendments, 1
	101	+	Article – State Finance and Procurement 2
	102	+	Section 8–135(c) 3
	103	+	Annotated Code of Maryland 4
	104	+	(2021 Replacement Volume and 2023 Supplement) 5
115	105
116		-	BY repealing and reenacting, with amendments,
117		-	Article – ~~Transportation~~
118		-	Section 8–~~204~~(e)(2)
119		-	Annotated Code of Maryland
120		-	(~~2020~~ Replacement Volume and 2023 Supplement)
	106	+	BY repealing and reenacting, with amendments, 6
	107	+	Article – State Government 7
	108	+	Section 2–1218(b)(3), 4–102, 4–104(b)(2), 5–102, 5–102.1, and 5–105(a)(2) 8
	109	+	Annotated Code of Maryland 9
	110	+	(2021 Replacement Volume and 2023 Supplement) 10
121	111
122		-	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND,
123		-	That the Laws of Maryland read as follows:
	112	+	BY adding to 11
	113	+	Article – State Government 12
	114	+	Section 5–108 13
	115	+	Annotated Code of Maryland 14
	116	+	(2021 Replacement Volume and 2023 Supplement) 15
124	117
125		-	Article – Agriculture
	118	+	BY repealing 16
	119	+	Article – State Government 17
	120	+	Section 9–1701 through 9–1707 and the subtitle “Subtitle 17. Maryland State 18
	121	+	Employees Surety Bond Committee” 19
	122	+	Annotated Code of Maryland 20
	123	+	(2021 Replacement Volume and 2023 Supplement) 21
126	124
127		-	8–205.
	125	+	BY repealing and reenacting, with amendments, 22
	126	+	Article – State Personnel and Pensions 23
	127	+	Section 21–210(a) 24
	128	+	Annotated Code of Maryland 25
	129	+	(2015 Replacement Volume and 2023 Supplement) 26
128	130
129		-	(c) The Committee shall:
	131	+	BY repealing and reenacting, with amendments, 27
	132	+	Article – Transportation 28
	133	+	Section 8–204(e)(2) 29
	134	+	Annotated Code of Maryland 30
	135	+	(2020 Replacement Volume and 2023 Supplement) 31
130	136
131		-	(8) Provide for the execution of surety bonds OR INSURANCE POLICIE S
132		-	OF THE TYPE AND IN T HE AMOUNT OF COVERAG E DETERMINED BY THE STATE
133		-	TREASURER UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE for every
134		-	employee or officer entrusted with funds or property;
	137	+	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 32
	138	+	That the Laws of Maryland read as follows: 33
135	139
136		-	8–~~303.~~
	140	+	Article – Agriculture 34
137	141
138		-	(c) The supervisors shall provide for the execution of surety bonds OR
139		-	INSURANCE POLICIES O F THE TYPE AND IN TH E AMOUNT OF COVERAGE
140		-	DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THE STATE
141		-	GOVERNMENT ARTICLE for every employee and officer who is entrusted with funds or
142		-	property. They shall provide for the keeping of a full and accurate record of all proceedings
143		-	and of all resolutions, rules and regulations, and orders issued or adopted. They shall
144		-	provide for an annual audit of the accounts of receipts and disbursements.
145		-	Ch. 438 2024 LAWS OF MARYLAND
	142	+	8–205. 35
146	143
147		-	~~– 4 –~~
148		-	~~Article – Business Occupations and Professions~~
	144	+	(c) The Committee shall: 36
	145	+	4 SENATE BILL 775
149	146
150		-	3–204.
151	147
152		-	(d) ~~(2)~~ The ~~Board may require the staff to be covered by a~~ surety ~~bond [in~~ ~~the~~
153		-	~~form and amount required by law] OR AN INSURANCE POLI CY~~ OF THE TYPE AND ~~I N~~ THE
154		-	~~AMOUNT OF COVERAGE D ETERMINED BY THE STATE~~ TREASURER UNDER § 5–108 OF
155		-	~~THE STATE GOVERNMENT ARTICLE.~~
	148	+	(8) Provide for the execution of surety bonds OR INSURANCE POLICIE S 1
	149	+	OF THE TYPE AND IN T HE AMOUNT OF COVERAG E DETERMINED BY THE STATE 2
	150	+	TREASURER UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE for every 3
	151	+	employee or officer entrusted with funds or property; 4
156	152
157		-	7–~~203~~.
	153	+	8–303. 5
158	154
159		-	(c) The secretary of the Board shall be covered by a surety bond [in the form and
160		-	amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE AMOUNT
161		-	OF COVERAGE DETERMIN ED BY THE STATE TREASURER UNDER § 5–108 OF THE
162		-	STATE GOVERNMENT ARTICLE.
	155	+	(c) The supervisors shall provide for the execution of surety bonds OR 6
	156	+	INSURANCE POLICIES O F THE TYPE AND IN TH E AMOUNT OF COVERAGE 7
	157	+	DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THE STATE 8
	158	+	GOVERNMENT ARTICLE for every employee and officer who is entrusted with funds or 9
	159	+	property. They shall provide for the keeping of a full and accurate record of all proceedings 10
	160	+	and of all resolutions, rules and regulations, and orders issued or adopted. They shall 11
	161	+	provide for an annual audit of the accounts of receipts and disbursements. 12
163	162
164		-	16–~~203.~~
	163	+	Article – Business Occupations and Professions 13
165	164
166		-	(c) While in office, the chairman shall be covered by a surety bond [in the form
167		-	and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE
168		-	AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF
169		-	THE STATE GOVERNMENT ARTICLE.
	165	+	3–204. 14
170	166
171		-	16–205.
	167	+	(d) (2) The Board may require the staff to be covered by a surety bond [in the 15
	168	+	form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE 16
	169	+	AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF 17
	170	+	THE STATE GOVERNMENT ARTICLE. 18
172	171
173		-	(e) While employed as executive director, the executive director shall be covered
174		-	by a surety bond [in the form and amount required by law] OR AN INSURANCE POLI CY
175		-	OF THE TYPE AND IN T HE AMOUNT OF COVERAG E DETERMINED BY THE STATE
176		-	TREASURER UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE.
	172	+	7–203. 19
177	173
178		-	17–203.
	174	+	(c) The secretary of the Board shall be covered by a surety bond [in the form and 20
	175	+	amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE AMOUNT 21
	176	+	OF COVERAGE DETERMIN ED BY THE STATE TREASURER UNDER § 5–108 OF THE 22
	177	+	STATE GOVERNMENT ARTICLE. 23
179	178
180		-	(d) While in office, the chairman shall be covered by a surety bond [in the form
181		-	and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE
182		-	AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF
183		-	THE STATE GOVERNMENT ARTICLE.
	179	+	16–203. 24
184	180
185		-	17–205.
	181	+	(c) While in office, the chairman shall be covered by a surety bond [in the form 25
	182	+	and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE 26
	183	+	AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF 27
	184	+	THE STATE GOVERNMENT ARTICLE. 28
186	185
187		-	(f) While employed as executive director, the executive director shall be covered
188		-	by a surety bond [in the form and amount required by law] OR AN INSURANCE POLI CY
189		-	OF THE TYPE AND IN T HE AMOUNT OF COVERAG E DETERMINED BY THE STATE
190		-	TREASURER UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE.
191		-	WES MOORE, Governor Ch. 438
	186	+	16–205. 29
192	187
193		-	– 5 –
194		-	Article – Business Regulation
	188	+	(e) While employed as executive director, the executive director shall be covered 30
	189	+	by a surety bond [in the form and amount required by law] OR AN INSURANCE POLI CY 31
	190	+	OF THE TYPE AND IN T HE AMOUNT OF COVERAG E DETERMINED BY THE STATE 32
	191	+	TREASURER UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE. 33
	192	+	SENATE BILL 775 5
195	193
196		-	4–204.
197	194
198		-	(d) While in office, each member of the Commission shall be covered by a surety
199		-	bond [in the form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE
200		-	AND IN THE AMOUNT OF COVERAGE DETERMIN ED BY THE STATE TREASURER
201		-	UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE.
	195	+	17–203. 1
202	196
203		-	8–205.
	197	+	(d) While in office, the chairman shall be covered by a surety bond [in the form 2
	198	+	and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE 3
	199	+	AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF 4
	200	+	THE STATE GOVERNMENT ARTICLE. 5
204	201
205		-	(d) While employed as executive director, the executive director shall be covered
206		-	by a surety bond [in the form and amount required by law] OR AN INSURAN CE POLICY
207		-	OF THE TYPE AND IN T HE AMOUNT OF COVERAG E DETERMINED BY THE STATE
208		-	TREASURER UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE.
	202	+	17–205. 6
209	203
210		-	11–204.
	204	+	(f) While employed as executive director, the executive director shall be covered 7
	205	+	by a surety bond [in the form and amount required by law] OR AN INSURANCE POLI CY 8
	206	+	OF THE TYPE AND IN T HE AMOUNT OF COVERAGE DETERMINED BY THE STATE 9
	207	+	TREASURER UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE. 10
211	208
212		-	(d) While in office, each member of the Commission shall be covered by a surety
213		-	bond [in the form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE
214		-	AND IN THE AMOUNT OF COVERAGE DETERMINED BY THE STATE TREASURER
215		-	UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE.
	209	+	Article – Business Regulation 11
216	210
217		-	~~Article – Correctional Services~~
	211	+	4–204. 12
218	212
219		-	3–217.
	213	+	(d) While in office, each member of the Commission shall be covered by a surety 13
	214	+	bond [in the form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE 14
	215	+	AND IN THE AMOUNT OF COVERAGE DETERMINED BY THE STATE TREASURER 15
	216	+	UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE. 16
220	217
221		-	(a) (1) The Governor may require the Commissioner to execute a surety bond
222		-	in an amount that the Governor establishes OR AN INSURANCE POLI CY OF THE TYPE
223		-	AND IN THE AMOUNT OF COVERAGE DETERMINED BY THE GOVERNOR IN
224		-	CONSULTATION WITH TH E STATE TREASURER.
	218	+	8–205. 17
225	219
226		-	(2) The Commissioner may require any officer or other employee of the
227		-	Division to execute a surety bond in the amount that the Commissioner, with the approval
228		-	of the [Comptroller] STATE TREASURER, establishes.
	220	+	(d) While employed as executive director, the executive director shall be covered 18
	221	+	by a surety bond [in the form and amount required by law] OR AN INSURANCE POLI CY 19
	222	+	OF THE TYPE AND IN T HE AMOUNT OF COVERAG E DETERMINED BY THE STATE 20
	223	+	TREASURER UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE. 21
229	224
230		-	(3) The bond shall be conditioned on the individual faithfully performing
231		-	the duties of office and accounting for all funds officially received.
	225	+	11–204. 22
232	226
233		-	(b) (1) [The] A surety bond for the Commissioner shall be issued by a
234		-	corporate surety approved by the Governor.
	227	+	(d) While in office, each member of the Commission shall be covered by a surety 23
	228	+	bond [in the form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE 24
	229	+	AND IN THE AMOUNT OF COVERAGE DETERMINED BY THE STATE TREASURER 25
	230	+	UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE. 26
235	231
236		-	(2) [The] ANY surety bond for [any] AN officer or other employee of the
237		-	Division shall be issued by a corporate surety approved by the Commissioner and the
238		-	[Comptroller] STATE TREASURER. Ch. 438 2024 LAWS OF MARYLAND
	232	+	Article – Correctional Services 27
239	233
240		-	– ~~6 –~~
	234	+	3–217. 28
241	235
242		-	(c) The premium for a surety bond OR AN INSURANCE POLI CY issued under this
243		-	section shall be paid by the Division.
	236	+	(a) (1) The Governor may require the Commissioner to execute a surety bond 29
	237	+	in an amount that the Governor establishes OR AN INSURANCE POLI CY OF THE TYPE 30
	238	+	AND IN THE AMOUNT OF COVERAGE DETERMINED BY THE GOVERNOR IN 31
	239	+	CONSULTATION WITH TH E STATE TREASURER. 32 6 SENATE BILL 775
244	240
245		-	(d) An individual who fails to provide or maintain a surety bond OR AN
246		-	INSURANCE POLICY as required by this section:
247	241
248		-	(1) may not assume the duties of the individual’s position; and
249	242
250		-	(2) after 30 days, forfeits the individual’s office or employment.
	243	+	(2) The Commissioner may require any officer or other employee of the 1
	244	+	Division to execute a surety bond in the amount that the Commissioner, with the approval 2
	245	+	of the [Comptroller] STATE TREASURER, establishes. 3
251	246
252		-	Article – Economic Development
	247	+	(3) The bond shall be conditioned on the individual faithfully performing 4
	248	+	the duties of office and accounting for all funds officially received. 5
253	249
254		-	10–313.
	250	+	(b) (1) [The] A surety bond for the Commissioner shall be issued by a 6
	251	+	corporate surety approved by the Governor. 7
255	252
256		-	(b) Each member, the Executive Director, each other officer, and each employee
257		-	of the Authority shall be covered by a surety bond [in accordance with Title 9, Subtitle 17
258		-	of the State Government Article] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE
259		-	AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF
260		-	THE STATE GOVERNMENT ARTICLE.
	253	+	(2) [The] ANY surety bond for [any] AN officer or other employee of the 8
	254	+	Division shall be issued by a corporate surety approved by the Commissioner and the 9
	255	+	[Comptroller] STATE TREASURER. 10
261	256
262		-	Article – Education
	257	+	(c) The premium for a surety bond OR AN INSURANCE POLI CY issued under this 11
	258	+	section shall be paid by the Division. 12
263	259
264		-	18–1908.
	260	+	(d) An individual who fails to provide or maintain a surety bond OR AN 13
	261	+	INSURANCE POLICY as required by this section: 14
265	262
266		-	[(a) The State Treasurer shall purchase a bond for each fiduciary in accordance
267		-	with Title 9, Subtitle 17 of the State Government Article.]
	263	+	(1) may not assume the duties of the individual’s position; and 15
268	264
269		-	(A) EACH FIDUCIARY SHALL BE COVERED BY A SURE TY BOND OR AN
270		-	INSURANCE POLICY OF THE TYPE AND IN THE AMOUNT OF COVERAGE D ETERMINED
271		-	BY THE STATE TREASURER UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE,
272		-	AS A FIDUCIARY OF TH E TRUST.
	265	+	(2) after 30 days, forfeits the individual’s office or employment. 16
273	266
274		-	Article – ~~Insurance~~
	267	+	Article – Economic Development 17
275	268
276		-	2–~~103~~.
	269	+	10–313. 18
277	270
278		-	(e) The Commissioner shall be covered by a surety bond [in the form and amount
279		-	required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE AMOUNT OF
280		-	COVERAGE DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THE STATE
281		-	GOVERNMENT ARTICLE.
	271	+	(b) Each member, the Executive Director, each other officer, and each employee 19
	272	+	of the Authority shall be covered by a surety bond [in accordance with Title 9, Subtitle 17 20
	273	+	of the State Government Article] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE 21
	274	+	AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF 22
	275	+	THE STATE GOVERNMENT ARTICLE. 23
282	276
283		-	2–104.
284		-	WES MOORE, Governor Ch. 438
	277	+	Article – Education 24
285	278
286		-	– 7 –
287		-	(a) (3) The Deputy Commissioner shall be covered by a surety bond [in the
288		-	form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE
289		-	AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF
290		-	THE STATE GOVERNMENT ARTICLE.
	279	+	18–1908. 25
291	280
292		-	Article – Labor and Employment
	281	+	[(a) The State Treasurer shall purchase a bond for each fiduciary in accordance 26
	282	+	with Title 9, Subtitle 17 of the State Government Article.] 27
293	283
294		-	8–414.
	284	+	(A) EACH FIDUCIARY SHALL BE COVERED BY A SURE TY BOND OR AN 28
	285	+	INSURANCE POLICY OF THE TYPE AND IN THE AMOUNT OF COVERAGE D ETERMINED 29 SENATE BILL 775 7
295	286
296		-	(b) (1) Subject to § 8–405 of this subtitle and paragraph (2) of this subsection,
297		-	the Secretary shall use the Unemployment Insurance Administration Fund to pay the
298		-	administrative costs of this title including the costs of:
299	287
300		-	(i) office space in accordance with § 8–421(c) of this subtitle; and
	288	+	BY THE STATE TREASURER UNDER § 5–108 OF THE STATE GOVERNMENT ARTICLE, 1
	289	+	AS A FIDUCIARY OF TH E TRUST. 2
301	290
302		-	(ii) the PREMIUM OF ANY surety bond OR INSURANCE POLICY of
303		-	the State Treasurer under § 5–102.1 of the State Government Article for the
304		-	Unemployment Insurance Administration Fund.
	291	+	Article – Insurance 3
305	292
306		-	~~Article – Natural Resources~~
	293	+	2–103. 4
307	294
308		-	3–103.
	295	+	(e) The Commissioner shall be covered by a surety bond [in the form and amount 5
	296	+	required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE AMOUNT OF 6
	297	+	COVERAGE DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THE STATE 7
	298	+	GOVERNMENT ARTICLE. 8
309	299
310		-	(e) (1) (v) Upon entering the performance of official duties, the Treasurer
311		-	shall be covered by a surety bond [in accordance with the provisions of law concerning the
312		-	State Employees Surety Bond Committee] OR AN INSURANCE POLI CY OF THE TYPE AND
313		-	IN THE AMOUNT OF COV ERAGE DETERMINED BY THE STATE TREASURER UNDER §
314		-	5–108 OF THE STATE GOVERNMENT ARTICLE.
	300	+	2–104. 9
315	301
316		-	(2) (ii) The Deputy Treasurer shall be covered by a surety bond [in
317		-	accordance with the provisions of law concerning the State Employees Surety Bond
318		-	Committee] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE AMOUNT OF
319		-	COVERAGE DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THE STATE
320		-	GOVERNMENT ARTICLE.
	302	+	(a) (3) The Deputy Commissioner shall be covered by a surety bond [in the 10
	303	+	form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE 11
	304	+	AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF 12
	305	+	THE STATE GOVERNMENT ARTICLE. 13
321	306
322		-	3–~~903.~~
	307	+	Article – Labor and Employment 14
323	308
324		-	(g) Each member of the Authority, the executive director and such employees as
325		-	may be designated by the Authority, shall, upon entering the performance of their duties,
326		-	be covered by a surety bond [in accordance with the provisions of Title 9, Subtitle 17 of the
327		-	State Government Article] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE
328		-	AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF
329		-	THE STATE GOVERNMENT ARTICLE.
	309	+	8–414. 15
330	310
331		-	Article – State Finance and Procurement Ch. 438 2024 LAWS OF MARYLAND
	311	+	(b) (1) Subject to § 8–405 of this subtitle and paragraph (2) of this subsection, 16
	312	+	the Secretary shall use the Unemployment Insurance Administration Fund to pay the 17
	313	+	administrative costs of this title including the costs of: 18
332	314
333		-	– 8 –
	315	+	(i) office space in accordance with § 8–421(c) of this subtitle; and 19
334	316
335		-	8–135.
	317	+	(ii) the PREMIUM OF ANY surety bond OR INSURANCE POLICY of 20
	318	+	the State Treasurer under § 5–102.1 of the State Government Article for the 21
	319	+	Unemployment Insurance Administration Fund. 22
336	320
337		-	(c) During its agency, the fiscal agent shall be covered by a surety bond [in the
338		-	form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE
339		-	AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UN DER § 5–108 OF
340		-	THE STATE GOVERNMENT ARTICLE.
	321	+	Article – Natural Resources 23
341	322
342		-	~~Article – State Government~~
	323	+	3–103. 24
343	324
344		-	2–1218.
	325	+	(e) (1) (v) Upon entering the performance of official duties, the Treasurer 25
	326	+	shall be covered by a surety bond [in accordance with the provisions of law concerning the 26
	327	+	State Employees Surety Bond Committee] OR AN INSURANCE POLI CY OF THE TYPE AND 27
	328	+	IN THE AMOUNT OF COV ERAGE DETERMINED BY THE STATE TREASURER UNDER § 28
	329	+	5–108 OF THE STATE GOVERNMENT ARTICLE. 29
345	330
346		-	(b) The Legislative Auditor must:
	331	+	(2) (ii) The Deputy Treasurer shall be covered by a surety bond [in 30
	332	+	accordance with the provisions of law concerning the State Employees Surety Bond 31
	333	+	Committee] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE AMOUN T OF 32 8 SENATE BILL 775
347	334
348		-	(3) while in office, be covered by a surety bond [in the form and amount
349		-	required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE AMOUNT OF
350		-	COVERAGE DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THIS
351		-	ARTICLE.
352	335
353		-	4–102.
	336	+	COVERAGE DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THE STATE 1
	337	+	GOVERNMENT ARTICLE. 2
354	338
355		-	(a) While in office, the Comptroller shall be covered by a surety bond OR AN
356		-	INSURANCE POLICY as required in this section.
	339	+	3–903. 3
357	340
358		-	(b) [The] A surety bond of the Comptroller shall:
	341	+	(g) Each member of the Authority, the executive director and such employees as 4
	342	+	may be designated by the Authority, shall, upon entering the performance of their duties, 5
	343	+	be covered by a surety bond [in accordance with the provisions of Title 9, Subtitle 17 of the 6
	344	+	State Government Article] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE 7
	345	+	AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF 8
	346	+	THE STATE GOVERNMENT ARTICLE. 9
359	347
360		-	~~(1) run to the~~ State;
	348	+	Article – State Finance and Procurement 10
361	349
362		-	~~(2) be in the amount of $200,000;~~
	350	+	8–135. 11
363	351
364		-	(3) be with surety that the Governor approves; and
	352	+	(c) During its agency, the fiscal agent shall be covered by a surety bond [in the 12
	353	+	form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE 13
	354	+	AMOUNT OF COVERAGE D ETERMINED BY THE STATE TREASURER UNDER § 5–108 OF 14
	355	+	THE STATE GOVERNMENT ARTICLE. 15
365	356
366		-	~~(4) be conditioned on the Comptroller:~~
	357	+	Article – State Government 16
367	358
368		-	(i) accounting for the funds that are received under color of office;
369		-	and
	359	+	2–1218. 17
370	360
371		-	(ii) ~~otherwise discharging faithfully each duty of office.~~
	361	+	(b) The Legislative Auditor must: 18
372	362
373		-	(c) After execution and approval of a surety bond under this section, the surety
374		-	bond shall be recorded in the office of the Clerk of the Supreme Court of Maryland.
	363	+	(3) while in office, be covered by a surety bond [in the form and amount 19
	364	+	required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N THE AMOUNT OF 20
	365	+	COVERAGE DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THIS 21
	366	+	ARTICLE. 22
375	367
376		-	(D) THE STATE TREASURER SHALL DETER MINE THE TYPE AND AM OUNT OF
377		-	COVERAGE TO BE PROVI DED BY AN INSURANCE POLICY PURCHASED UND ER WES MOORE, Governor Ch. 438
	368	+	4–102. 23
378	369
379		-	– 9 –
380		-	SUBSECTION (A) OF THIS SECTION AND KEEP RECORD OF ANY I NSURANCE POLICY
381		-	PROCURED TO MEET THE REQUIREMENTS OF SUBS ECTION (A) OF THIS SECTION.
	370	+	(a) While in office, the Comptroller shall be covered by a surety bond OR AN 24
	371	+	INSURANCE POLICY as required in this section. 25
382	372
383		-	~~4–104.~~
	373	+	(b) [The] A surety bond of the Comptroller shall: 26
384	374
385		-	(b) (2) While in office, the Chief Deputy Comptroller and each deputy
386		-	comptroller shall be covered by a surety bond [in the form and amount required by law] OR
387		-	AN INSURANCE POLICY OF THE TYPE AND IN T HE AMOUNT OF COVERAG E
388		-	DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THIS ARTICLE .
	375	+	(1) run to the State; 27
389	376
390		-	~~5–102.~~
	377	+	(2) be in the amount of $200,000; 28
391	378
392		-	(a) While in office, the Treasurer shall be covered by a surety bond OR AN
393		-	INSURANCE POLICY as required in this section.
	379	+	(3) be with surety that the Governor approves; and 29
394	380
395		-	(b) [The~~] A surety bond under this section shall~~:
	381	+	(4) be conditioned on the Comptroller: 30 SENATE BILL 775 9
396	382
397		-	(1) run to the State;
398	383
399		-	(2) be in the amount that the Governor approves;
400	384
401		-	(3) ~~be with a surety company~~ that ~~is authorized to do business in the State~~;
402		-	and
	385	+	(i) accounting for the funds that are received under color of office; 1
	386	+	and 2
403	387
404		-	(4) ~~include provisions that secure the money~~ of:
	388	+	(ii) otherwise discharging faithfully each duty of office. 3
405	389
406		-	(i) the Injured Workers’ Insurance Fund;
	390	+	(c) After execution and approval of a surety bond under this section, the surety 4
	391	+	bond shall be recorded in the office of the Clerk of the Supreme Court of Maryland. 5
407	392
408		-	(ii) the Subsequent Injury Fund; and
	393	+	(D) THE STATE TREASURER SHALL DETER MINE THE TYPE AND AM OUNT OF 6
	394	+	COVERAGE TO BE PROVI DED BY AN INS URANCE POLICY PURCHA SED UNDER 7
	395	+	SUBSECTION (A) OF THIS SECTION AND KEEP RECORD OF ANY I NSURANCE POLICY 8
	396	+	PROCURED TO MEET THE REQUIREMENTS OF SUBS ECTION (A) OF THIS SECTION. 9
409	397
410		-	~~(iii) the Unemployment Insurance Administration Fund~~.
	398	+	4–104. 10
411	399
412		-	(c) (1) If the Governor believes that [the] A surety bond under this section has
413		-	or is likely to become invalid or insufficient, the Governor shall demand that the Treasurer
414		-	obtain coverage under a new surety bond that meets the requirements of this section.
	400	+	(b) (2) While in office, the Chief Deputy Comptroller and each deputy 11
	401	+	comptroller shall be covered by a surety bond [in the form and amount required by law] OR 12
	402	+	AN INSURANCE POLICY OF THE TYPE AND IN T HE AMOUNT OF COVERAG E 13
	403	+	DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THIS ARTICLE . 14
415	404
416		-	(2) Neglect or refusal to obtain the coverage within 20 days after the
417		-	demand constitutes disqualification from office, as authorized in the Maryland
418		-	Constitution.
	405	+	5–102. 15
419	406
420		-	(d) After execution and approval of a surety bond under this section, the surety
421		-	bond shall be recorded in the office of the Clerk of the Supreme Court of Maryland.
422		-	Ch. 438 2024 LAWS OF MARYLAND
	407	+	(a) While in office, the Treasurer shall be covered by a surety bond OR AN 16
	408	+	INSURANCE POLICY as required in this section. 17
423	409
424		-	– 10 –
425		-	(E) (1) THE GOVERNOR, IN CONSULTATION WITH THE STATE
426		-	TREASURER, SHALL DETERMINE THE TYPE AND AMOUNT OF C OVERAGE PROVIDED
427		-	BY AN INSURANCE POLI CY PURCHASED UNDER S UBSECTION (A) OF THIS SECTION.
	410	+	(b) [The] A surety bond under this section shall: 18
428	411
429		-	(2) THE STATE TREASURER SHALL KEEP A RECORD OF ANY
430		-	INSURANCE POLICY PRO CURED FOR THE PURPOSE OF MEETING THE
431		-	REQUIREMENTS OF SUBS ECTION (A) OF THIS SECTION.
	412	+	(1) run to the State; 19
432	413
433		-	~~5–102.1.~~
	414	+	(2) be in the amount that the Governor approves; 20
434	415
435		-	(a) In addition to the bond OR INSURANCE POLICY required under § 5–102 of
436		-	this subtitle, the State Treasurer shall be covered by a surety bond [as required in] OR AN
437		-	INSURANCE POLICY MEE TING THE REQUIREMENT S OF this section.
	416	+	(3) be with a surety company that is authorized to do business in the State; 21
	417	+	and 22
438	418
439		-	(b) [The] A surety bond [under] PURCHASED TO MEET TH E REQUIREMENTS
440		-	OF SUBSECTION (A) OF this section shall:
	419	+	(4) include provisions that secure the money of: 23
441	420
442		-	(1) be conditioned on the faithful performance of the duties of the State
443		-	Treasurer as custodian of the Unemployment Insurance Fund;
	421	+	(i) the Injured Workers’ Insurance Fund; 24
444	422
445		-	(2) ~~run to~~ the ~~State~~;
	423	+	(ii) the Subsequent Injury Fund; and 25
446	424
447		-	(3) ~~be in an amount that~~ the ~~Secretary approves;~~ ~~and~~
	425	+	(iii) the Unemployment Insurance Administration Fund. 26
448	426
449		-	(4) be in a form required by law or approved by the Attorney General.
	427	+	(c) (1) If the Governor believes that [the] A surety bond under this section has 27
	428	+	or is likely to become invalid or insufficient, the Governor shall demand that the Treasurer 28
	429	+	obtain coverage under a new surety bond that meets the requirements of this section. 29 10 SENATE BILL 775
450	430
451		-	(C) AN INSURANCE POLICY P URCHASED TO MEET THE REQUIREMENTS OF
452		-	SUBSECTION (A) OF THIS SECTION SHAL L BE OF THE TYPE AND IN THE AMOUNT OF
453		-	COVERAGE DETERMINED BY THE STATE TREASURER, IN CONSULTATION WITH THE
454		-	SECRETARY OF LABOR.
455	431
456		-	5–105.
457	432
458		-	(a) (2) While on the staff, an individual shall be covered by a surety bond [in
459		-	the form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N
460		-	THE AMOUNT OF COVERA GE DETERMINED BY THE STATE TREASURER UNDER §
461		-	5–108 OF THIS SUBTITLE .
	433	+	(2) Neglect or refusal to obtain the coverage within 20 days after the 1
	434	+	demand constitutes disqualification from office, as authorized in the Maryland 2
	435	+	Constitution. 3
462	436
463		-	5–108.
	437	+	(d) After execution and approval of a surety bond under this section, the surety 4
	438	+	bond shall be recorded in the office of the Clerk of the Supreme Court of Maryland. 5
464	439
465		-	(A) IN DETERMINING THE TY PE AND AMOUNT OF COV ERAGE OF ANY SURETY
466		-	BOND OR INSURANCE PO LICY REQUIRED BY LAW , THE STATE TREASURER SHALL
467		-	HAVE DUE REGARD FOR THE DUTIES AND RESPO NSIBILITIES OF THE O FFICER OR
468		-	EMPLOYEE. WES MOORE, Governor Ch. 438
	440	+	(E) (1) THE GOVERNOR, IN CONSULTATION WITH THE STATE 6
	441	+	TREASURER, SHALL DETERMINE THE TYPE AND AMOUNT OF C OVERAGE PROVIDED 7
	442	+	BY AN INSURANCE POLI CY PURCHASED UNDER S UBSECTION (A) OF THIS SECTION. 8
469	443
470		-	– 11 –
	444	+	(2) THE STATE TREASURER SHALL KEEP A RECORD OF ANY 9
	445	+	INSURANCE POLICY PRO CURED FOR THE PURPOS E OF MEETING THE 10
	446	+	REQUIREMENTS OF SUBS ECTION (A) OF THIS SECTION. 11
471	447
472		-	(B) AN OFFICER OR EMPLOYE E WHO IS REQUIRED TO BE BONDED OR
473		-	INSURED SHALL BE COV ERED, ON BEGINNING THE PER FORMANCE OF THE
474		-	OFFICER’S OR EMPLOYEE ’S DUTIES, BY A SURETY BOND OR AN INSURANCE POLICY
475		-	OF THE TYPE SPECIFIE D AND IN THE AMOUNT AND TERM TO BE DETER MINED BY THE
476		-	STATE TREASURER.
	448	+	5–102.1. 12
477	449
478		-	(C) EACH STATE OFFICER OR EMPL OYEE, OTHER THAN THOSE
479		-	SPECIFICALLY REQUIRE D TO BE BONDED OR INSURED IN ACCORDANCE WITH A NY
480		-	LAW OF THE STATE, WHO IN THE OPINION O F THE STATE TREASURER SHOULD BE
481		-	BONDED OR INSURED SH ALL BE BONDED WITH T HE TYPE OF BOND OR I NSURANCE
482		-	AND IN THE AMOUNT AN D TERM TO BE DETERMI NED BY THE STATE TREASURER.
	450	+	(a) In addition to the bond OR INSURANCE POLICY required under § 5–102 of 13
	451	+	this subtitle, the State Treasurer shall be covered by a surety bond [as required in] OR AN 14
	452	+	INSURANCE POLICY MEE TING THE REQUIREMENT S OF this section. 15
483	453
484		-	(D) THE STATE TREASURER SHALL KEEP A RECORD OF EACH INS URANCE
485		-	POLICY PURCHASED TO MEET THE REQUIREMENT S OF SUBSECTION (B) OF THIS
486		-	SECTION.
	454	+	(b) [The] A surety bond [under] PURCHASED TO MEET TH E REQUIREMENTS 16
	455	+	OF SUBSECTION (A) OF this section shall: 17
487	456
488		-	~~(E)~~ (1) ON THE ~~PURCHASE~~ OF ~~AN Y BOND REQUIRED BY L AW, A COPY~~ OF
489		-	~~THE BOND SHALL BE SE NT TO~~ THE ~~COMPTROLLER .~~
	457	+	(1) be conditioned on the faithful performance of the duties of the State 18
	458	+	Treasurer as custodian of the Unemployment Insurance Fund; 19
490	459
491		-	(2) A RECORD SHALL BE KEPT I N THE OFFICE OF THE STATE
492		-	COMPTROLLER GIVING :
	460	+	(2) run to the State; 20
493	461
494		-	(I) THE NAME OF THE OFFI CER OR EMPLOYEE FOR WHOM ANY
495		-	INDIVIDUAL BOND IS I SSUED;
	462	+	(3) be in an amount that the Secretary approves; and 21
496	463
497		-	(II) THE NAME OF THE AGEN CY IN WHICH THE OFFI CER OR
498		-	EMPLOYEE IS EMPLOYED OR THE NAME OF THE A GENCIES COVERED UNDER A
499		-	BLANKET BOND PROGRAM ;
	464	+	(4) be in a form required by law or approved by the Attorney General. 22
500	465
501		-	(III) THE NAME OF THE COMP ANY ISSUING THE BOND ; AND
	466	+	(C) AN INSURANCE POLICY P URCHASED TO MEET THE REQUIREMENTS OF 23
	467	+	SUBSECTION (A) OF THIS SECTION SHAL L BE OF THE TYPE AND IN THE AMOUNT OF 24
	468	+	COVERAGE DETERMINED BY THE STATE TREASURER, IN CONSULTATION WITH THE 25
	469	+	SECRETARY OF LABOR. 26
502	470
503		-	(IV) THE AMOUNT , DATE, AND TIME OF EXPIRATI ON OF THE
504		-	BOND AND OF ANY CERT IFICATE RENEWING THE BOND.
	471	+	5–105. 27
505	472
506		-	[Subtitle 17. Maryland State Employees Surety Bond Committee.]
	473	+	(a) (2) While on the staff, an individual shall be covered by a surety bond [in 28
	474	+	the form and amount required by law] OR AN INSURANCE POLI CY OF THE TYPE AND I N 29
	475	+	THE AMOUNT OF COVERA GE DETERMINED BY THE STATE TREASURER UNDER § 30
	476	+	5–108 OF THIS SUBTITLE. 31 SENATE BILL 775 11
507	477
508		-	[9–1701.
509	478
510		-	In this subtitle, “Committee” means the Maryland State Employees Surety Bond
511		-	Committee.]
512	479
513		-	[9–~~1702~~. ~~Ch. 438 2024 LAWS OF MARYLAND~~
	480	+	5–108. 1
514	481
515		-	– 12 –
	482	+	(A) IN DETERMINING THE TY PE AND AMOUNT OF COV ERAGE OF ANY SURETY 2
	483	+	BOND OR INSURANCE PO LICY REQUIRED BY LAW , THE STATE TREASURER SHALL 3
	484	+	HAVE DUE REGARD FOR THE DUTIES AND RESPO NSIBILITIES OF THE O FFICER OR 4
	485	+	EMPLOYEE. 5
516	486
517		-	There is a committee on bonding of State officers and employees, known as the
518		-	Maryland State Employees Surety Bond Committee.]
	487	+	(B) AN OFFICER OR EMPLOYE E WHO IS REQUIRED TO BE BONDED OR 6
	488	+	INSURED SHALL BE COV ERED, ON BEGINNING THE PER FORMANCE OF THE 7
	489	+	OFFICER’S OR EMPLOYEE ’S DUTIES, BY A SURETY BOND OR AN INSURANCE POLICY 8
	490	+	OF THE TYPE SPECIFIE D AND IN THE AMOUNT AND TERM TO BE DETER MINED BY THE 9
	491	+	STATE TREASURER. 10
519	492
520		-	[9–1703.
	493	+	(C) EACH STATE OFFICER OR EMPL OYEE, OTHER THAN THOSE 11
	494	+	SPECIFICALLY REQUIRE D TO BE BONDED OR IN SURED IN ACCORDANCE WITH ANY 12
	495	+	LAW OF THE STATE, WHO IN THE OPINION O F THE STATE TREASURER SHOULD BE 13
	496	+	BONDED OR INSURED SH ALL BE BONDED WITH T HE TYPE OF BOND OR I NSURANCE 14
	497	+	AND IN THE AMOUNT AN D TERM TO BE DETERMI NED BY THE STATE TREASURER. 15
521	498
522		-	The Committee consists of the State Treasurer, the State Comptroller, and the
523		-	Attorney General or their designated representatives.]
	499	+	(D) THE STATE TREASURER SHALL KEEP A RECORD OF EACH INS URANCE 16
	500	+	POLICY PURCHASED TO MEET THE REQUIREMENT S OF SUBSECTION (B) OF THIS 17
	501	+	SECTION. 18
524	502
525		-	[9–1704.
	503	+	(E) (1) ON THE PURCHASE OF AN Y BOND REQUIRED BY LAW , A COPY OF 19
	504	+	THE BOND SHALL BE SE NT TO THE COMPTROLLER . 20
526	505
527		-	(a) The Committee may periodically set the type and amount of the bonds of each
528		-	State officer and employee who is required to be bonded in accordance with any law of the
529		-	State, having due regard for the duties and responsibilities of the officer or employee.
	506	+	(2) A RECORD SHALL BE KEPT IN THE OFFICE OF THE STATE 21
	507	+	COMPTROLLER GIVING : 22
530	508
531		-	(b) An officer or employee who is required to be bonded shall be covered, on
532		-	entering the performance of the officer’s or employee’s duties, by a surety bond of the type
533		-	specified and in the amount and term fixed by the Committee.]
	509	+	(I) THE NAME OF THE OFFI CER OR EMPLOYEE FOR WHOM ANY 23
	510	+	INDIVIDUAL BOND IS I SSUED; 24
534	511
535		-	[9–1705.
	512	+	(II) THE NAME OF THE AGENCY IN WHICH THE OFFICER OR 25
	513	+	EMPLOYEE IS EMPLOYED OR THE NAME OF THE A GENCIES COVERED UNDE R A 26
	514	+	BLANKET BOND PROGRAM ; 27
536	515
537		-	Each State officer or employee other than those specifically required to be bonded in
538		-	accordance with any law of the State, who in the opinion of the Committee should be
539		-	bonded, shall be bonded with the type of bond and in the amount and term to be determined
540		-	by the Committee.]
	516	+	(III) THE NAME OF THE COMP ANY ISSUING THE BOND ; AND 28
541	517
542		-	[9–1706.
	518	+	(IV) THE AMOUNT , DATE, AND TIME OF EXPIRATI ON OF THE 29
	519	+	BOND AND OF ANY CERTIFICATE RENEWING THE BOND. 30
543	520
544		-	(a) Bonds purchased in accordance with §§ 9–1704 and 9–1705 of this subtitle
545		-	shall be purchased by the State Treasurer on prior approval of the Board of Public Works
546		-	from a company authorized to issue the bonds and authorized to do business in the State.
	521	+	[Subtitle 17. Maryland State Employees Surety Bond Committee.] 31
	522	+	12 SENATE BILL 775
547	523
548		-	(b) The premium on bonds purchased in accordance with §§ 9–1704 and 9–1705
549		-	of this subtitle shall be provided for in the State budget.
550	524
551		-	(c) On prior approval of the Board of Public Works, the State Treasurer may at
552		-	any time any bond coverage is no longer required, cause the bond to be canceled or
553		-	terminated and may collect any rebate of premium on the bond.]
	525	+	[9–1701. 1
554	526
555		-	[9–1707.
	527	+	In this subtitle, “Committee” means the Maryland State Employees Surety Bond 2
	528	+	Committee.] 3
556	529
557		-	(a) Each bond required by §§ 9–1704 and 9–1705 of this subtitle shall be approved
558		-	as to form by the Attorney General and filed in the Office of the State Comptroller.
	530	+	[9–1702. 4
559	531
560		-	(b) A record shall be kept in the Office of the State Comptroller giving: WES MOORE, Governor Ch. 438
	532	+	There is a committee on bonding of State officers and employees, known as the 5
	533	+	Maryland State Employees Surety Bond Committee.] 6
561	534
562		-	– ~~13 –~~
	535	+	[9–1703. 7
563	536
564		-	~~(1)~~ the ~~name~~ of the ~~officer or employee for whom any individual bond is~~
565		-	~~issued;~~
	537	+	The Committee consists of the State Treasurer, the State Comptroller, and the 8
	538	+	Attorney General or their designated representatives.] 9
566	539
567		-	(2) the name of the agency in which the officer or employee is employed or
568		-	the name of the agencies covered under a blanket bond program;
	540	+	[9–1704. 10
569	541
570		-	(3) the name of the company issuing the bond; and
	542	+	(a) The Committee may periodically set the type and amount of the bonds of each 11
	543	+	State officer and employee who is required to be bonded in accordance with any law of the 12
	544	+	State, having due regard for the duties and responsibilities of the officer or employee. 13
571	545
572		-	(4) the amount, date, and time of expiration of the bond and of any
573		-	certificate renewing the bond.]
	546	+	(b) An officer or employee who is required to be bonded shall be covered, on 14
	547	+	entering the performance of the officer’s or employee’s duties, by a surety bond of the type 15
	548	+	specified and in the amount and term fixed by the Committee.] 16
574	549
575		-	~~Article – State Personnel and Pensions~~
	550	+	[9–1705. 17
576	551
577		-	21–210.
	552	+	Each State officer or employee other than those specifically required to be bonded in 18
	553	+	accordance with any law of the State, who in the opinion of the Committee should be 19
	554	+	bonded, shall be bonded with the type of bond and in the amount and term to be determined 20
	555	+	by the Committee.] 21
578	556
579		-	(a) Except as provided in subsection (c) of this section, the State shall purchase a
580		-	bond for each fiduciary in [accordance with Title 9, Subtitle 17 of the State Government
581		-	Article] THE FORM AND AMOUNT DETERMINED BY THE STATE TREASURER UNDER §
582		-	5–108 OF THE STATE GOVERNMENT ARTICLE, IN CONSULTATION WITH THE BOARD
583		-	OF TRUSTEES.
	557	+	[9–1706. 22
584	558
585		-	Article – Transportation
	559	+	(a) Bonds purchased in accordance with §§ 9–1704 and 9–1705 of this subtitle 23
	560	+	shall be purchased by the State Treasurer on prior approval of the Board of Public Works 24
	561	+	from a company authorized to issue the bonds and authorized to do business in the State. 25
586	562
587		-	8–204.
	563	+	(b) The premium on bonds purchased in accordance with §§ 9–1704 and 9–1705 26
	564	+	of this subtitle shall be provided for in the State budget. 27
588	565
589		-	(e) (2) Any employee of the Administration may be bonded [under Title 9,
590		-	Subtitle 17 of the State Government Article] OR COVERED BY AN INS URANCE POLICY AS
591		-	DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THE STATE
592		-	GOVERNMENT ARTICLE.
	566	+	(c) On prior approval of the Board of Public Works, the State Treasurer may at 28
	567	+	any time any bond coverage is no longer required, cause the bond to be canceled or 29
	568	+	terminated and may collect any rebate of premium on the bond.] 30
593	569
594		-	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June
595		-	1, 2024.
	570	+	[9–1707. 31 SENATE BILL 775 13
596	571
597		-	Approved by the Governor, May 9, 2024.
	572	+
	573	+
	574	+	(a) Each bond required by §§ 9–1704 and 9–1705 of this subtitle shall be approved 1
	575	+	as to form by the Attorney General and filed in the Office of the State Comptroller. 2
	576	+
	577	+	(b) A record shall be kept in the Office of the State Comptroller giving: 3
	578	+
	579	+	(1) the name of the officer or employee for whom any individual bond is 4
	580	+	issued; 5
	581	+
	582	+	(2) the name of the agency in which the officer or employee is employed or 6
	583	+	the name of the agencies covered under a blanket bond program; 7
	584	+
	585	+	(3) the name of the company issuing the bond; and 8
	586	+
	587	+	(4) the amount, date, and time of expiration of the bond and of any 9
	588	+	certificate renewing the bond.] 10
	589	+
	590	+	Article – State Personnel and Pensions 11
	591	+
	592	+	21–210. 12
	593	+
	594	+	(a) Except as provided in subsection (c) of this section, the State shall purchase a 13
	595	+	bond for each fiduciary in [accordance with Title 9, Subtitle 17 of the State Government 14
	596	+	Article] THE FORM AND AMOUNT DETERMINED BY THE STATE TREASURER UNDER § 15
	597	+	5–108 OF THE STATE GOVERNMENT ARTICLE, IN CONSULTATION WITH THE BOARD 16
	598	+	OF TRUSTEES. 17
	599	+
	600	+	Article – Transportation 18
	601	+
	602	+	8–204. 19
	603	+
	604	+	(e) (2) Any employee of the Administration may be bonded [under Title 9, 20
	605	+	Subtitle 17 of the State Government Article] OR COVERED BY AN INS URANCE POLICY AS 21
	606	+	DETERMINED BY THE STATE TREASURER UNDER § 5–108 OF THE STATE 22
	607	+	GOVERNMENT ARTICLE. 23
	608	+
	609	+	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June 24
	610	+	1, 2024. 25