CODE OF VIRGINIA

BONDS OF OFFICERS (§ 15.2-850)

The urban county executive shall give bond payable to the county in the amount
of not less than $ 5,000. The director of finance shall give bond in the amount
of not less than fifteen percent of the amount of money to be received by him
annually, but he shall not be required to give a bond in excess of five million
dollars except as hereinafter provided. If the urban county executive serves
also as director of finance, he shall give bond to the full amount indicated
above for the director of finance. The board may fix bonds in excess of these
amounts and require bonds of other county officers in the board’s
discretion, conditioned on the faithful discharge of their duties and the proper
accounting for all funds coming into their possession.

HISTORY: Code 1950, § 15-384.70; 1960, c. 382; 1962, c. 623, § 15.1-783; 1968,
cc. 375, 797; 1997, c. 587.