2020 Maryland Statutes
State Government
Title 4 - Comptroller
Section 4-102 - Surety Bond

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

    (b)    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)    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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