Topic:      PUBLIC EMPLOYEE FAITHFUL       Page 1 of 1

                 PERFORMANCE BOND FILING      Date Issued: March 15, 1994

Section:   LIABILITY/PROPERTY                     Date Revised: June 30, 2009

                INSURANCE PROGRAM

Number:  XXIII.7.

PURPOSE:

To establish procedures to ensure proper filing of the Public Employee

Faithful Performance Bond.

LEGAL BASIS:

Government Code Sections 1457, 1458, 1480 and 1481.

Government Code Sections 24150 and 24154.

POLICY:

It is the policy of the County of Santa Cruz to provide bond coverage as

required by the Government Code Sections noted under legal basis.

PROCEDURE:

1.   Government Code Section 24150 requires that certain elected County

      officials be covered by individual bonds.  Government Code Section

     1481 allows for a master bond in place of individual bonds for offi-

     cers required to be bonded under Government Code Section 24150.

2.   At the direction of the Board of Supervisors, the Risk Manager shall

     purchase an appropriate bond in compliance with Government Code Sec-

     tion 24150.

3.   Upon receipt of the bond from the insurance company, and in accordance

     with Sections 1457 and 1458 of the Government Code, the Presiding

     Judge of the Superior Court must approve the bond.

     The Liability Program Analyst will prepare a letter to the Presiding

     Judge of the Superior Court requesting approval of the bond.

4.   Upon receipt of the approved bond, the Liability Program Analyst will

     have the bond recorded by the County Clerk in the Recorder's Office.

5.  After the bond has been recorded the Liability Program Analyst will

take the recorded bond to the Special Services Division of the County Clerk's Office for permanent filing.  Another copy will be filed with the Treasurer-Tax Collector’s Office.