BILL NUMBER: SB 1181	CHAPTERED  08/23/04

	CHAPTER  273
	FILED WITH SECRETARY OF STATE  AUGUST 23, 2004
	APPROVED BY GOVERNOR  AUGUST 23, 2004
	PASSED THE SENATE  AUGUST 11, 2004
	PASSED THE ASSEMBLY  AUGUST 9, 2004
	AMENDED IN ASSEMBLY  JUNE 29, 2004

INTRODUCED BY   Senator Margett

                        FEBRUARY 9, 2004

   An act to add Section 1463 to the Government Code, relating to
public officials.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1181, Margett.  Public officials:  bond:  insurance.
   Under existing law, unless otherwise provided, every official bond
is required to be filed in the proper office within the time
prescribed for filing the oath.
   This bill would authorize a specified insurance policy to be
provided as an alternative to the official bond by any county or
city, as specified.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:


  SECTION 1.  Section 1463 is added to the Government Code, to read:

   1463.  For the purposes of this chapter, a government crime
insurance policy or employee dishonesty insurance policy, including
faithful performance, may be provided as an alternative to the
official bond by any county or city, subject to approval by the
presiding judge of the superior court and recording and filing as
provided in Sections 1457 to 1460.1, inclusive.  An insurance policy
procured pursuant to this section may be used as a master bond as
though it were an official bond, subject to approval of the
appointing power or the legislative body as provided in Section 1481.