23-527. Application for license; cash deposit
or surety bond; deposit
A. A person, firm, corporation or association desiring a license as employment
agent shall make application for a license to the industrial commission, and shall
accompany the application with a minimum cash deposit of one thousand dollars or surety
bond in the amount determined by the commission, not to exceed five thousand dollars,
conditioned that the agent will conform in all particulars to the requirements of law
relating to the business of employment agent. The cash deposit or surety bond shall at
all times be maintained at the minimum of one thousand dollars or the amount determined
by the commission not to exceed five thousand dollars.
B. Cash deposits received by the industrial commission pursuant to subsection A of
this section shall be deposited as a separate account in the administrative fund
established by section 23-1081. Monies in the separate account are continuously
appropriated for the purposes provided.
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