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§ 85.58T. Schedule of amounts of surety required

Oklahoma Statutes AnnotatedTitle 74. State GovernmentEffective: November 1, 2020

Oklahoma Statutes Annotated
Title 74. State Government (Refs & Annos)
Chapter 4. Department of Central Services
Comprehensive Professional Risk Management Program
Effective: November 1, 2020
74 Okl.St.Ann. § 85.58T
Formerly cited as OK ST § 85.29
§ 85.58T. Schedule of amounts of surety required
The amount of surety required for each state officer or employee pursuant to Sections 85.26 through 85.31 of this title is as follows:
DEPARTMENT
AMOUNT OF BOND
Office of the State Treasurer
$300,000.00
Oklahoma Employment Security Commission
$150,000.00
Central Services Division of the Office of Management and Enterprise Services
100,000.00
Insurance Commission
100,000.00
Office of the State Auditor and Inspector
50,000.00
Finance Division of the Office of Management and Enterprise Services
50,000. 00
Bank Commissioner
50,000.00
Commissioners of the Land Office
50,000.00
Oklahoma Securities Commission
50,000.00
Oklahoma Tax Commission
50,000.00
Department of Human Services
50,000.00
Oklahoma Public Employees Retirement System
50,000.00
Corporation Commission
50,000.00
State Board of Education
50,000.00
Finance Division
150,000.00
All Others
25,000.00
Department of Transportation
25,000.00
Boards of Regents of Oklahoma Universities and Colleges
50,000.00
Office of Attorney General
10,000.00
The University Hospitals
50,000.00
All Other State Departments, Agencies, Institutions, Commissions, Authorities, and other bodies of state government
10,000.00
Provided, however, that nothing in The Oklahoma Central Purchasing Act shall prohibit any head of a department, institution, agency, commission, authority or other body of state government from requiring the Central Purchasing Division to purchase increased amounts of blanket bond coverage for his or her employees up to a total maximum coverage of Fifty Thousand Dollars ($50,000.00) when the listed amount is deemed inadequate. The cost of increased coverage shall be borne by the department, institution, agency, commission, authority or other body of state government requesting the increased coverage.

Credits

Laws 1974, c. 131, § 4, operative July 1, 1974; Laws 1979, c. 30, § 163, emerg. eff. April 6, 1979; Laws 1980, c. 159, § 35, emerg. eff. April 2, 1980; Laws 1983, c. 304, § 113, eff. July 1, 1983; Laws 1989, c. 353, § 8, emerg. eff. June 3, 1989; Laws 1994, c. 283, § 6, eff. Sept. 1, 1994; Laws 2002, c. 50, § 5, eff. Nov. 1, 2002; Laws 2007, c. 354, § 17, eff. Nov. 1, 2007; Laws 2012, c. 304, § 750; Laws 2013, c. 254, § 31, eff. Jan. 1, 2015. Renumbered from T. 74, § 85.29 by Laws 2020, c. 98, § 29, eff. Nov. 1, 2020.
74 Okl. St. Ann. § 85.58T, OK ST T. 74 § 85.58T
Current with legislation of the Second Regular Session of the 58th Legislature (2022) effective through the general effective date. Some sections may be more current, see credits for details.
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