August 25, 2019

HB 13-1072: Allowing Public Trustees to Purchase Crime Insurance In Lieu of Performance Bonds

On January 11, 2013, Rep. Spencer Swalm and Sen. John Kefalas introduced HB 13-1072 – Concerning the Authority for Counties to Purchase Crime Insurance Coverage for Public Trustees in Lieu of Surety BondsThis summary is published here courtesy of the Colorado Bar Association’s e-Legislative Report.

Current law requires public trustees to execute surety bonds covering the faithful execution of their offices. This bill authorizes counties to purchase crime insurance coverage for public trustees in lieu of purchasing surety bonds for these public officials. The bill was approved by the House on February 7 and is assigned to the Local Government Committee in the Senate.

Since this summary, the bill was referred unamended to the consent calendar of the Senate Committee of the Whole.