NOTE: The governor signed this measure on 3/18/2016.
      
      
      HOUSE BILL 16-1013
      
      
      BY REPRESENTATIVE(S) Garnett, Fields, Hamner, Kraft-Tharp,
      Lontine, Mitsch Bush, Roupe, Tyler, Winter;
      also SENATOR(S) Marble, Baumgardner, Crowder, Grantham, Heath,
      Holbert, Jahn, Lambert, Lundberg, Merrifield, Neville T., Scott, Woods.
      
      
      Concerning authorizing school districts to purchase crime
           insurance coverage in lieu of surety bonds.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 22-32-104, amend (4)
      (b) and (4) (c); and add (4) (d) as follows:
      
           22-32-104.  Organization of board of education. (4) (b)  Except
      as provided in paragraph (d) of this subsection (4), no person shall
      enter upon the office of secretary or treasurer, or assistant secretary or
      assistant treasurer if there be are such offices, until he or she has given a
      surety bond, in form satisfactory to the board, in the amount of five
      thousand dollars, conditioned upon the faithful performance of his or her
      duties as required by law and prescribed by the bylaws of the board of
      education. In addition, except as provided in paragraph (d) of this
      subsection (4), the treasurer, and the assistant treasurer if there be such
      office, shall give bond in such further amount, in such form, and for such
      purposes as the board may require.
      
           (c)  The board may also appoint and authorize any other person to
      act as custodian of moneys belonging to the district. Except as provided
      in paragraph (d) of this subsection (4), such person shall give surety
      bonds, in such amount and form and for such purposes as the board may
      require.
      
           (d)  In lieu of the bonds required by paragraphs (b) and (c)
      of this subsection (4), a school district may purchase crime
      insurance coverage on behalf of the officers and employees to
      protect the school district from any malfeasance on the part of
      the officer while in office or employees.
      
           SECTION 2.  In Colorado Revised Statutes, 22-32-109, amend (1)
      (h) as follows:
      
           22-32-109.  Board of education - specific duties. (1)  In addition
      to any other duty required to be performed by law, each board of education
      shall have and perform the following specific duties:
      
           (h)  To require each employee who is likely to have in his or her
      temporary custody at any one time an amount of school district moneys in
      excess of fifty dollars to be bonded in an amount at least sufficient to cover
      the amount of school district moneys which is likely to be in his or her
      temporary custody at any time, or to be bonded in such greater amount as
      the board may determine. A blanket form of surety bond may be utilized to
      cover more than one such employee. The district shall pay the costs for any
      such bonds. In lieu of the bonds required by this paragraph (h), the
      district may purchase crime insurance coverage to protect the
      district from any malfeasance on the part of such employee.
      
           SECTION 3.  Safety clause. The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ________________________________________________________
      Dickey Lee Hullinghorst                Bill L. Cadman
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                            Effie Ameen
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO