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:
DEPARTMENTAMOUNT 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 Services100,000.00
Insurance Commission100,000.00
Office of the State Auditor and Inspector50,000.00
Finance Division of the Office of Management and Enterprise Services50,000.00
Bank Commissioner50,000.00
Commissioners of the Land Office50,000.00
Oklahoma Securities Commission50,000.00
Oklahoma Tax Commission50,000.00
Department of Human Services50,000.00
Oklahoma Public Employees Retirement System50,000.00
Corporation Commission50,000.00
State Board of Education50,000.00
Finance Division150,000.00
All Others25,000.00
Department of Transportation25,000.00
Boards of Regents of Oklahoma Universities and Colleges50,000.00
Office of Attorney General10,000.00
The University Hospitals50,000.00
All Other State Departments, Agencies, Institutions, Commissions, Authorities, and other bodies of state government10,000.00
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.
Added by Laws 1974, c. 131, § 4, operative July 1, 1974. Amended by 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.
NOTE: Laws 1983, c. 135, § 1 repealed by Laws 1989, c. 353, § 14, emerg. eff. June 3, 1989.
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