N.H. Admin. Code § Rev 2208.05

Current through Register No. 1, January 2, 2025

Section Rev 2208.05 - Minimum Surety Bond Requirements for Specific County Officials

(a) In addition to the requirements of RSA 27:2, the minimum surety bond requirements shall be based on the amounts of estimated collections for each position bonded.

(b) The requirements shall be computed as specified in the following table:

TABLE 2208.01 MINIMUM BOND REQUIREMENTS

REVENUES	BOND REQUIRED
FROM	TO
$1,000	$5,000	$1,000
5,001	10,000	2,000
10,001	20,000	3,000
20,001	35,000	7,000
35,001	50,000	8,000
50,001	65,000	10,000
65,001	80,000	12,000
80,001	100,000	15,000
100,001	140,000	17,000
140,001	180,000	22,000
180,001	220,000	27,000
220,001	260,000	32,000
260,001	300,000	36,000
300,001	375,000	38,000
375,001	450,000	40,000
450,001	550,000	42,000
550,001	650,000	44,000
650,001	750,000	46,000
750,001	850,000	48,000
850,001	925,000	50,000
925,001	1,000,000	52,000

(c) When estimated collections exceed $1,000,000, the minimum surety bond shall be $52,000 plus 1% of the excess over $1,000,000 of estimated revenues.

N.H. Admin. Code § Rev 2208.05

Amended byVolume XXXIV Number 33, Filed August 14, 2014, Proposed by #10652, Effective 8/8/2014, Expires8/8/2024.