The bill amends existing laws regarding the bond requirements for certain municipal officers in South Dakota. Specifically, it modifies Section 9-14-6 to state that each appointive officer must take an oath of office and provide an undertaking, which must be in a sum prescribed by the governing body and conditioned on the faithful performance of their duties. Notably, the bill introduces a provision that eliminates the requirement for individual bonds if the governing body maintains blanket coverage as per Section 3-5-14.

Additionally, Section 9-14-6.1 is amended to clarify that the amount of the bond for the municipal finance officer must be established annually by the governing board, with a cap of $250,000 for first-class municipalities and $150,000 for second or third-class municipalities. Similar to the previous section, the bill also states that no individual bond is required if blanket coverage is maintained by the governing body. These changes aim to streamline the bonding process for municipal officers while ensuring accountability through blanket coverage.

Statutes affected:
Introduced, 01/29/2025: 9-14-6, 9-14-6.1