| 1 | 1 | | 25.742.11 100th Legislative Session 1142 |
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| 4 | 4 | | 2025 South Dakota Legislature |
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| 5 | 5 | | House Bill 1142 |
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| 12 | 12 | | Introduced by: Representative Ladner |
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| 14 | 14 | | Underscores indicate new language. |
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| 15 | 15 | | Overstrikes indicate deleted language. |
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| 16 | 16 | | An Act to amend the bond requirement for certain municipal officers. 1 |
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| 17 | 17 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA: 2 |
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| 18 | 18 | | Section 1. That § 9-14-6 be AMENDED: 3 |
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| 19 | 19 | | 9-14-6. Each appointive officer, before entering upon the discharge of the duties 4 |
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| 20 | 20 | | of the office, shall take and subscribe an oath or affirmation of office, in the form required 5 |
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| 21 | 21 | | by the Constitution. The Except as otherwise provided in this section, the officer shall 6 |
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| 22 | 22 | | furnish an undertaking to be approved by the governing body. The undertaking shall must 7 |
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| 23 | 23 | | be in a sum prescribed by the governing body and shall must be conditioned for on the 8 |
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| 24 | 24 | | faithful performance of the duties of the office and to account, pay over, and deliver all 9 |
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| 25 | 25 | | money or property coming into the officer's hands by virtue of that office according to law. 10 |
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| 26 | 26 | | No individual bond is required so long as the governing body maintains blanket coverage, 11 |
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| 27 | 27 | | pursuant to § 3-5-14. 12 |
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| 28 | 28 | | Section 2. That § 9-14-6.1 be AMENDED: 13 |
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| 29 | 29 | | 9-14-6.1. The amount of the bond of the municipal finance officer shall must be 14 |
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| 30 | 30 | | annually established by the governing board in an amount equal to the maximum 15 |
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| 31 | 31 | | monetary total estimated to be on hand at any one time, but the amount of such bond 16 |
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| 32 | 32 | | required may not exceed two hundred fifty thousand dollars in municipalities of the first 17 |
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| 33 | 33 | | class or one hundred fifty thousand dollars in municipalities of the second or third class. 18 |
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| 34 | 34 | | No individual bond is required so long as the governing body maintains blanket coverage, 19 |
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| 35 | 35 | | pursuant to § 3-5-14. 20 |
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