62.055 Bonds of county clerks -- Minimum -- Record.

301 words·~1 min read·/ky/chapter-62/62-055

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Every county clerk, before entering on the duties of his office, shall execute bond to

the Commonwealth, with corporate surety authorized and qualified to become

surety on bonds in this state. Any county clerk holding office as of January 1, 1978,

who has not executed bond as provided herein shall do so within thirty

(30)days

from February 9, 1978.

(2)In counties containing a consolidated local government or a city of the first class,

the amount of the county clerk's bond shall be at least five hundred thousand dollars

($500,000). In counties containing an urban-county form of government, the

amount of county clerk's bond shall be at least four hundred thousand dollars

($400,000). In counties containing a city of the home rule class but not a city of the

first class, a consolidated local government, or an urban-county form of

government, the amount of the county clerk's bond shall be at least one hundred

thousand dollars ($100,000).

(3)The bond of the county clerk shall be examined and approved by the fiscal court,

which shall record the approval in its minutes. The fiscal court shall record the bond

in the county clerk's records and a copy of the bond shall be transmitted within one

(1)month to the Department of Revenue, where it shall be recorded and preserved.

Except in those counties where the fees of the county clerk are paid into the State

Treasury, the premium on the county clerk's bond shall be paid by the county.

(4)Where circumstances in a particular county indicate that the amount of the bond

may not be sufficient, the Department of Revenue may request the fiscal court to

increase the bond as provided in KRS 62.060. The fiscal court shall then require a

bond of sufficient amount to safeguard the Commonwealth.