(A) Official bonds shall, if required, meet the standards of KRS 62.060.
(B) All officers, officials, and employees of the city who handle public funds in the execution of their duties shall give a good and sufficient bond to the city for the faithful and honest performance of their duties, and as security for all money coming into that person’s hands or under that person’s control. The amount of the bond shall be based upon the maximum amount of public funds the officer, official, or employee handles at any given time during a fiscal year cycle. The cost of the bond shall be paid by the city.
(C) Elected officials who post bond as required by statute, and employees of their offices covered by a blanket or umbrella bond, shall be deemed to have complied with division (A) of this section.
(KRS 65.067)