4908

The officials and employees of the Office who intervene in any way or have custody of money or any public property shall be covered by a fidelity bond that will guarantee the faithful compliance of their duties and responsibilities. The Commissioner, in consultation with the Secretary of the Treasury or his authorized representative, shall provide by regulations those officials and employees who shall be bonded and the amount of the bond for each of them.\nThe Secretary of the Treasury shall represent the Commissioner in all matters relating to obtaining the bond, the risk to be covered and the procedure to handle the claims that could arise under the terms of the policy in the way he/she deems most advantageous to the public interest. To that end, the Commissioner shall submit each year to the Secretary of the Treasury, on the date established by the latter, a list of the names of the officials and employees who shall be bonded pursuant to the applicable regulations.\nHistory —Aug. 30, 1991, No. 81, § 19.008; Oct. 29, 1992, No. 84, § 101, renumbered as § 19.009 on Apr. 11, 2001, No. 18, § 2.