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. The undertaking must ensure the faithful performance of the officer's duties and the proper handling of any money or property. Notably, the bill introduces a provision that eliminates the need 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 bond amount for the municipal finance officer must be established annually by the governing board. The previous requirement that the bond amount be based on the maximum estimated monetary total on hand is removed, along with the specific monetary limits for municipalities of different classes. Similar to the previous section, the bill also states that no individual bond is required if blanket coverage is maintained by the governing body.

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