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What's New: Government Affairs

High Bond Amount Addressed in Georgia

Thursday, March 22, 2012  

Georgia House Bill 655, as originally drafted and introduced, would increase the bond required of clerks of superior courts from $25,000 to $1 million. SFAA believed that the bond amount is too high and will be difficult for most bond principals to obtain. SFAA wrote to the bill sponsor to express these concerns and suggested an increase to $50,000. House Bill 665 has been amended so that the bond amount from clerks of superior courts will be increased from $25,000 to $150,000 instead of $1 million. The bill has now passed the House and is in committee in the Senate.


 

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