Ala. Admin. Code r. 80-8-9-.08 - Bond Required For Certified Association
The treasurer of the certified Association shall be bonded in an amount of not less than forty thousand dollars ($40,000). At the end of a complete year of assessment collections, the above bond amount requirement will be adjusted to adequately reflect as required under the law, the amount of assessment forwarded to the certified Association.
Author: Robert J. Russell
Notes
Statutory Authority: Code of Ala. 1975, ยง 2-8-208.
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