SB 5853 - DIGEST

(SUBSTITUTED FOR - SEE 1ST SUB)

     Authorizes the fire commissioners of a fire protection district that had an annual budget of one million or more dollars in the preceding three years to designate by resolution to adopt a policy for payment of claims or other obligations of the fire district, electing to pay such obligations by check.

     Requires a person to be designated as a full-time financial officer qualified in financial or fiscal matters and to be bonded with a surety company authorized to do business in this state in an amount at least equal to fifty thousand dollars and under the terms and conditions to protect the district from loss that the fire commissioners establish by resolution.  The district shall pay the premium on the bond.