Except as otherwise provided by law or in this section, the premiums on all bonds of all county officials and county employees required by this chapter, when made by surety companies shall be paid by the respective counties out of the general funds of the county. The premiums on the bonds of county taxing officials shall be paid on a pro rata basis by each fund, except the State General Fund, or agency receiving noneducational ad valorem taxes paid in the county determined by computing the percentage that the total collections for each fund, except the State General Fund, or agency bears to the total collections of noneducational ad valorem taxes. The premiums on the bonds of the superintendent of education and of the chief school financial officer of the county shall be paid by the board of education of the county out of the three mill school tax.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 2 - Bonds of County Officers, Employees, etc., Generally.
Article 1 - General Provisions.
Section 11-2-1 - Bonds Requirements.
Section 11-2-2 - Conditions of Bonds; Provisions of Law Governing Bonds.
Section 11-2-3 - Filing and Recordation of Bonds of County Officers and Employees.
Section 11-2-4 - Payment of Premiums on Bonds.
Section 11-2-5 - Reduction of Bonds.
Section 11-2-6 - Bonds to Be Made by Surety or Guaranty Companies; Time for Filing; Expiration.