Section 19-5-954 - Self-Insured Fidelity Bond Trust Fund

(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 'Self-Insured 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.Amended by Act 2023, No. 826,§ 1, eff. 8/1/2023.Acts 1989, No. 629, § 11.