§ 19-5-954. Fidelity Bond Trust Fund

AR Code § 19-5-954 (2018) (N/A)
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(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Fidelity Bond Trust Fund".

(b) The fund shall consist of bond premiums collected under § 21-2-701 et seq., there to be administered and disbursed by the Governmental Bonding Board for the use and benefit of participating governmental entities for bond claims and board expenses.