                                 CODE OF VIRGINIA

BLANKET SURETY BOND PLAN FOR STATE AND LOCAL EMPLOYEES (§ 2.2-1840)

A. Subject to the approval of the Governor, the Division shall establish a
program of blanket surety bonding to provide surety for the faithful performance
of duty for all state employees required by statute to be bonded, and for other
agency employees handling funds or having access to funds whose function, in the
opinion of the agency head and the Division, should be bonded.

B. Local employees, including superintendents and jail officers of regional jail
facilities as described in &#xA7; 53.1-110, local constitutional officers, and
those employees of the Supreme Court for whom the Commonwealth pays all or part
of the costs of surety bonds shall be required to participate in the blanket
surety bond program adopted by the Division through the Comptroller and the
Compensation Board. The Division shall exclude clerks of the circuit court with
respect to the moneys they hold pursuant to &#xA7; 8.01-582 insofar as coverage
is provided under &#xA7; 2.2-1841 for their faithful performance concerning
those moneys. Before implementing the program, the Division shall determine that
the program will be of less cost to the Commonwealth than the aggregate of
individual bonds costs.

C. The blanket surety bonding plan for state employees shall be submitted to the
Governor for approval prior to implementation.

D. Employees or officers of a public service authority created under the
Virginia Water and Waste Authorities Act (&#xA7; 15.2-5100 et seq.) may
participate in the blanket surety bond program adopted by the Division through
the Comptroller and the Compensation Board whenever any federal or state agency
lends or guarantees funds to a public service authority created under the
Virginia Water and Waste Authorities Act where the funds are utilized in the
construction or capitalization of projects authorized under the Act, and there
is a condition of the loan or guarantee that those employees or officers of the
authority who have access to the funds be bonded. Participation by such
employees or officers shall be approved by the governing body of the county or
city that created the authority or is a member of the authority, with approval
of the Division.

HISTORY: 1982, c. 318, § 2.1-526.9; 1984, c. 324; 1988, cc. 841, 848; 1993, c.
939; 1995, c. 5; 2000, cc. 618, 632, § 2.1-191.13; 2001, c. 844.