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 § 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 § 8.01-582 insofar as coverage is provided under § 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 (§ 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.
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.
Structure Code of Virginia
Title 2.2 - Administration of Government
Chapter 18 - Department of the Treasury
§ 2.2-1800. Department of the Treasury; State Treasurer
§ 2.2-1801. State Treasurer to appoint administrative assistants, etc.
§ 2.2-1803. State Treasurer; regulation procedures for depositing money
§ 2.2-1805. Records of receipts of such checks, etc.; reports to Comptroller
§ 2.2-1807. Investments, etc., in custody of State Treasurer
§ 2.2-1808. State Treasurer may sell securities in general fund; exceptions; disposition of proceeds
§ 2.2-1809. Warrants on state treasury to be listed and numbered
§ 2.2-1810. State Treasurer to keep accounts with depositories
§ 2.2-1811. Unpresented checks drawn by State Treasurer; replacement and payment
§ 2.2-1812. Admissibility of reproductions of checks in evidence; compliance with subpoena
§ 2.2-1813. Deposits in banks and savings institutions designated as state depositories
§ 2.2-1814. Amount and time limit of deposits
§ 2.2-1815. Security to be given by depositories holding state funds
§ 2.2-1816. How public moneys transferred to depositories
§ 2.2-1817. Commonwealth shall not be liable for loss in collection of checks, etc.
§ 2.2-1821. Deposits to be to credit of State Treasurer; how money withdrawn
§ 2.2-1822. Conditions to issuance of disbursement warrants
§ 2.2-1822.1. Recovery audits of state contracts
§ 2.2-1823. Lump-sum transfers prohibited
§ 2.2-1824. Petty cash, payroll and other funds
§ 2.2-1826. Issuance of replacement warrants generally
§ 2.2-1827. When replacement warrant issued without bond
§ 2.2-1828. Creation of Revenue Stabilization Fund
§ 2.2-1829. Reports of Auditor of Public Accounts; Fund deposits and withdrawals
§ 2.2-1830. Decline in forecasted revenues
§ 2.2-1831. Sources or components of "general fund revenues."
§ 2.2-1831.2. Creation of Revenue Reserve Fund
§ 2.2-1831.3. Commitment of funds for Revenue Reserve Fund
§ 2.2-1831.4. Decline in forecasted revenues
§ 2.2-1831.5. Sources or components of general fund revenues
§ 2.2-1832. Division of Risk Management
§ 2.2-1833. Property and insurance records to be maintained
§ 2.2-1835. State Insurance Reserve Trust Fund
§ 2.2-1836. Insurance plan for state-owned buildings and state-owned contents of buildings
§ 2.2-1837. Risk management plan for public liability
§ 2.2-1838. Insurance of state motor vehicles
§ 2.2-1840. Blanket surety bond plan for state and local employees
§ 2.2-1841. Blanket surety bond plan for moneys under control of court