Bonds aren't required for a state government to run. Bonds may be used to operate while in debt, but they are not required. I bet states like FL operate fine without bonds.
Per both Federal and California law, surety bonds are required to be issued on every government employee. This is codified in California Government Code Section 1450 – 1463.
CA Gov't Code Section 1460 says: "Every officer with whom official bonds are filed shall carefully keep and preserve the bonds. He shall give certified copies thereof to any person demanding copies, upon being paid the same fees as are allowed by law for certified copies of papers in other cases.”
Per CGCS 1455, these surety bonds are supposed to be filed in the Secretary of State’s office (SOS).
Bonds aren't required for a state government to run. Bonds may be used to operate while in debt, but they are not required. I bet states like FL operate fine without bonds.
Bonds are required per California law:
Per both Federal and California law, surety bonds are required to be issued on every government employee. This is codified in California Government Code Section 1450 – 1463.
CA Gov't Code Section 1460 says: "Every officer with whom official bonds are filed shall carefully keep and preserve the bonds. He shall give certified copies thereof to any person demanding copies, upon being paid the same fees as are allowed by law for certified copies of papers in other cases.”
Per CGCS 1455, these surety bonds are supposed to be filed in the Secretary of State’s office (SOS).
Ok, thank you. I was thinking in terms of bonds issued to pay for projects, not bonds that I guess are essentially insurance on the employees.