The penalty of the bond required by public general law to be furnished by the Controller as Collector of County taxes, shall be prescribed by the County Council by ordinance, but shall not be less than Three Hundred Thousand Dollars ($300,000). The County Executive shall be bonded for the faithful performance of their duties for Three Hundred Thousand Dollars ($300,000). All officers and employees subordinate to the County Council and all other officers and employees of the executive branch shall be bonded for the faithful performance of their duties in such penalties as may be fixed by ordinance but in no case shall such bond or bonds be less than Three Hundred Thousand Dollars ($300,000). Such ordinance shall provide for a blanket form of bonds or other similar forms of bonds with corporate surety. Surety bond premiums shall be paid by the County.
(Bill No. 73-82; Res. No. 30-22)