IC 5-4-5
    Chapter 5. Bonds Obtained From Surety Companies

IC 5-4-5-1
Who must furnish bond
    Sec. 1. Every public official elected or appointed to any publicoffice, employment or position of trust, and officer of the Indiananational guard, who is required to execute and furnish a bond orother like obligation may procure such bond or other like obligationfrom a surety company or surety companies authorized by law totransact business in this state and competent to execute and furnisha bond or other like obligation of the character required.
(Formerly: Acts 1925, c.30, s.1; Acts 1931, c.27, s.1.) As amended byActs 1981, P.L.47, SEC.5.

IC 5-4-5-2
Cost of bond; source of payment
    Sec. 2. The cost of any such bond or other like obligation soprocured, if furnished by a state officer or employee, shall be paidout of the general fund of the state treasury; if furnished by an officeror employee of any state institution, such cost shall be paid out of themaintenance fund of such institution; if furnished by a county, city,town, or township officer or employee, such cost shall be paid out ofthe general fund of the county, city, town, or township in and forwhich such officer or employee shall have been or shall be electedor appointed, as the case may be; if furnished by any officer oremployee of any school corporation, such cost shall be paid out ofthe special school fund of the school corporation in and for whichsuch officer or employee shall have been or shall be elected orappointed; and if furnished by any officer or employee of anymunicipal corporation or political subdivision of the state, other thanthose designated in this section, such cost shall be paid out of theoperating or maintenance fund of such corporation or politicalsubdivision in or for which such officer or employee is acting.
(Formerly: Acts 1925, c.30, s.2.) As amended by P.L.25-1986,SEC.15.

IC 5-4-5-3
Cost of bond; method of payment
    Sec. 3. The cost of any such surety bond or other like obligationso required, as hereinbefore provided, shall be paid in the samemanner as office expenses, and the proper fiduciary officer of thestate or of any such municipal corporation or institution is herebyauthorized and directed, upon the presentation of a voucher therefor,to issue his warrant, without an appropriation having been previouslymade therefor, in such amount as may be necessary to pay for thecost of such bond or obligation.
(Formerly: Acts 1925, c.30, s.3.)
IC 5-4-5-4
Bonds executed before passage of act
    Sec. 4. In the event that any surety bond shall have been procuredand executed, prior to February 28, 1925, by any officer whose termof office will extend beyond February 28, 1925, any deferredpayments on any such bond which may fall due on or after January1, 1926, shall be paid, as provided in this chapter, out of the funds ofthe state or of the municipal corporation or political subdivision orinstitution in and for which such public official is acting.
(Formerly: Acts 1925, c.30, s.4.) As amended by P.L.25-1986,SEC.16.

IC 5-4-5-5
Blanket bonds; crime policies; faithful performance of duty of stateemployee or instrumentality
    Sec. 5. (a) This section applies notwithstanding any other statute.
    (b) Whenever the state or an instrumentality of the state pays fora bond or crime insurance policy endorsed to cover the faithfulperformance of duty of an employee of the state or an instrumentalityof the state (including a public official or deputy), the bond or crimeinsurance policy must, when feasible, cover all of the employees in:
        (1) an individual state agency or instrumentality; or
        (2) two (2) or more state agencies or instrumentalities specifiedin the blanket bond or crime insurance policy.
The Indiana department of administration may require two (2) ormore state agencies to obtain a joint blanket bond or crime insurancepolicy endorsed to include faithful performance.
    (c) The commissioner of insurance shall prescribe the form of thebonds or crime policies required by this section.
As added by P.L.14-1986, SEC.10. Amended by P.L.49-1995, SEC.5.