SEC. 18.106. OFFICIAL FIDELITY BONDS.
§ 18.106
The Board of Supervisors must set fidelity bond requirements for city officials within 90 days of the Charter's effective date; until then, existing bonds remain in force.
Fidelity bonds are insurance that protects the city if an official steals or misuses money. The Board of Supervisors has 90 days to decide what bonds city officials need to have. Until the Board makes that decision, the city will keep whatever bonds were already in place.
- Complex:The section references "this Charter" and "operative date" without defining them in the excerpt, making it difficult for readers unfamiliar with the Charter's context to understand the timeline and scope.
AI-generated · claude-haiku-4-5 · informational only, not legal advice.
Official text
The Board of Supervisors shall determine the initial fidelity bond requirements under this Charter within 90 days after the operative date of this Charter. Until the Board of Supervisors determines such requirements for officials of the City and County, the bonds existing on the operative date of this Charter shall be maintained.