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Utah Code Title 10. Utah Municipal Code § 10-3-831. Fidelity bonds and theft or crime insurance

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) As used in this section, “municipal officer” means:

(a) the mayor;

(b) each member of the municipal legislative body;

(c) the municipal treasurer; and

(d) anyone for whom the municipal legislative body determines a general fidelity or public employee blanket bond or theft or crime insurance should be acquired.

(2)(a)(i) Except as provided in Subsection (2)(b), the legislative body of each municipality shall prescribe the amount of a general fidelity bond or theft or crime insurance to be acquired for the municipal officer.

(ii) If, under Subsection (2)(a)(i), a municipality has prescribed the amount of the general fidelity bond required, then theft or crime insurance in an amount that is not less than the bond satisfies the requirement described in Subsection (2)(a)(i).

(iii) Before a municipal officer may discharge the duties of the officer's office, the municipality shall have in place a bond or theft or crime insurance covering the municipal officer in the amounts the municipality prescribes.

(b) Before the municipal treasurer may discharge the duties of the treasurer's office, the municipality shall have in place a bond or theft or crime insurance covering the treasurer in an amount not less than the amount the State Money Management Council, created in Section 51-7-16, prescribes.

(c) A municipal legislative body may acquire a fidelity bond or theft or crime insurance on all municipal officers and the municipal treasurer as a group rather than individually.

(3) The municipal legislative body shall pay the cost of each fidelity bond and theft or crime insurance policy from municipal funds.

(4) The municipal recorder shall file and maintain each fidelity bond acquired under this section.

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Cite this article: FindLaw.com - Utah Code Title 10. Utah Municipal Code § 10-3-831. Fidelity bonds and theft or crime insurance - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-10-utah-municipal-code/ut-code-sect-10-3-831/

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