The treasurer must obtain an annual bond in an amount set by whom?

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Multiple Choice

The treasurer must obtain an annual bond in an amount set by whom?

The amount of the treasurer’s annual bond is set by the Commissioner of Revenue. This official oversees revenue collection and the safeguarding of public funds, so determining the bond amount ensures the coverage reflects the level of risk associated with handling money. The commissioner’s authority to establish the bond amount helps standardize protection across municipalities and aligns the bond with the duties the treasurer performs. The other roles—such as the mayor, the town clerk, or the finance director—do not have the authority to set this bond amount. They may be involved in approvals or administration, but the formal determination of required bond coverage rests with the Commissioner of Revenue.

The amount of the treasurer’s annual bond is set by the Commissioner of Revenue. This official oversees revenue collection and the safeguarding of public funds, so determining the bond amount ensures the coverage reflects the level of risk associated with handling money. The commissioner’s authority to establish the bond amount helps standardize protection across municipalities and aligns the bond with the duties the treasurer performs.

The other roles—such as the mayor, the town clerk, or the finance director—do not have the authority to set this bond amount. They may be involved in approvals or administration, but the formal determination of required bond coverage rests with the Commissioner of Revenue.

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