Local treasurers; increases maximum amount of surety bond required.
Summary
Bond requirements for local treasurers. Increases the maximum amount of the surety bond that may be required for local treasurers based on the population of the county or city.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Feb 2025
House of Delegates Passage
Feb 2025
Senate Passage
Feb 2025
Signed into Law
Mar 2025
Introduced Jan 15, 2025
Signed Mar 19, 2025
Maddy AI version diff · 2 comparisons
What changed between versions
Enrolled
→
Chaptered
·
3 edits
MINOR
This bill increases the maximum bond amounts required for county and city treasurers in Virginia based on population size. The changes raise bond limits for counties across all population brackets and increase the maximum bond for city treasurers with populations over 100,000. These adjustments likely reflect increased financial responsibilities and risks associated with managing larger public funds.
Scope change
The bill applies to all counties and cities in Virginia with treasurers or directors of finance, with specific adjustments based on population thresholds.
REQUIREMENT
Increased maximum bond amounts for county treasurers in all population brackets: counties with 10,000 or fewer residents now require up to $450,000 (from $300,000), counties with 10,001-30,000 residents up to $600,000 (from $400,000), counties with 30,001-50,000 residents up to $750,000 (from $500,000), counties with 50,001-100,000 residents up to $1,125,000 (from $750,000), and counties with over 100,000 residents up to $1,500,000 (from $1,000,000).
Increased maximum bond amount for city treasurers with populations over 100,000 from $1,500,000 to $1,950,000.
Raised maximum bond amount for city treasurers with populations under 100,000 from $500,000 to $750,000.
Floor votes · Senate Feb 11, 2025 · House of Delegates Feb 4, 2025
How they voted
40–0
Passed
Total votes 40
Feb 11, 2025
D
Democratic21
100% Yea
R
Republican19
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
26
Key actions
11
Committee
6
Mar 19, 2025
Signed into law
Approved by Governor-Chapter 98 (Effective 07/01/25)
executive
Feb 20, 2025
Upper · Passed
Signed by President
upper
Feb 17, 2025
Lower · Passed
Signed by Speaker
lower
Feb 17, 2025
Lower · Passed
Bill text as passed House and Senate (HB2658ER)
lower
Feb 12, 2025
Upper · Passed
Passed Senate (39-Y 0-N)
upper
Feb 11, 2025
Upper · Passed
Passed by for the day
upper
Feb 10, 2025
Upper · Passed
Reported from Local Government (15-Y 0-N)
upper
Feb 5, 2025
Committee
Referred to Committee on Local Government
upper
Feb 4, 2025
Lower · Passed
Passed House (99-Y 0-N)
lower
Feb 4, 2025
Lower · Passed
Read third time and passed House (97-Y 0-N)
lower
Jan 31, 2025
Lower · Passed
Reported from Counties, Cities and Towns (22-Y 0-N)
lower
Jan 29, 2025
Lower · Passed
Subcommittee recommends reporting (8-Y 0-N)
lower
Jan 20, 2025
Committee
Assigned CCT sub: Subcommittee #1
lower
Jan 15, 2025
Committee
Referred to Committee on Counties, Cities and Towns
lower
Jan 15, 2025
Introduced
Presented and ordered printed 25104633D
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Barry Knight
RRepublican
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