Senate Banking and Insurance Hearing
Committee Room 320 at 09:30:00

SB294 would reorganize Alabama’s official-bond system by treating county bonds separately from state bonds, adding deficiency notices and a 15-day cure window, and giving the Division of Risk Management new bond-forwarding options, with an effective date of October 1, 2026.
County official bonds would be governed by county law, not the state’s official-bond requirements. The office that receives a filed bond must notify the bonded officer if the bond is deficient, and the officer may cure the deficiency within 15 days before the office is vacated. The Division of Risk Management could offer a program to forward the official bond to the appropriate authority on behalf of the official and, with approval, extend the state blanket bond to certain county officials. The bill also repeals the current procedure for additional bonds of certain state officers (Section 36-5-41) and becomes effective October 1, 2026.
Read for the Second Time and placed on the Calendar
Reported Out of Committee House of Origin
Pending Senate Banking and Insurance
Read for the first time and referred to the Senate Committee on Banking and Insurance
Committee Room 320 at 09:30:00
Source: Alabama Legislature