2018 Maryland Code
State Government
Title 4 - Comptroller
§ 4-102. Surety bond

  • (a) Required. -- While in office, the Comptroller shall be covered by a surety bond as required in this section.

  • (b) Form and conditions. -- The surety bond of the Comptroller shall:

    • (1) run to the State;

    • (2) be in the amount of $ 200,000;

    • (3) be with surety that the Governor approves; and

    • (4) be conditioned on the Comptroller:

      • (i) accounting for the funds that are received under color of office; and

      • (ii) otherwise discharging faithfully each duty of office.

  • (c) Filing. -- After execution and approval of a surety bond under this section, the surety bond shall be recorded in the office of the Clerk of the Court of Appeals.

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