Public Official Bond (County/City Officials)

Bond amounts are set by local statute and vary based on the official's position, level of responsibility, and the county or municipality's size. For example, a city treasurer in Staunton, IL requires a $50,000 bond, while a mayor in the same city requires $3,000. County boards and city councils establish these amounts in accordance with state statutes (65 ILCS 5/3.1-10-30 for cities). The bond amount must be set before the official assumes duties.

Elected or appointed officials who handle public funds or have fiduciary responsibilities must obtain public official bonds, including mayors, city treasurers, city clerks, county treasurers, county clerks, sheriffs, and other municipal officers. The specific positions requiring bonds are set by state statute (65 ILCS 5/ for municipalities, 55 ILCS 5/ for counties, and 5 ILCS 260/ Official Bond Act) and local ordinances.

Public official bonds must be filed with the county clerk and approved by the county board (for county officials) or the appropriate city council (for city officials). Counties often publish lists of approved surety companies, and many provide their own official bond forms. The bond must be executed and filed before the official takes office, ensuring it's on record with the circuit clerk and county or municipal governing body.