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Elected Officials’ Bonds
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INFORMATION CONTACT:
Michael Farrar, Risk and Safety Program Manager, 704-283-3592
ACTION REQUESTED:
Approve bond amount for the Register of Deeds ($25,000).
PRIOR BOARD ACTIONS:
None.
BACKGROUND:
Elected positions are required by North Carolina General Statute to maintain personal bonds while in office. Individuals are responsible for securing these personal bonds. Union County has undertaken the responsibility for placement of these bonds. Bonds are placed by USI Insurance Services. The bond for the Register of Deeds is $25,000.
FINANCIAL IMPACT:
$88.00 paid annually for the Register of Deeds bond.