As used in this chapter: 1. "Blanket bond" means a bond that covers collectively all public employees and public officials. 2. "Fund" means the state bonding fund. 3. "International peace garden" means an entity located upon the international boundary line between the United States and Canada used and maintained as a memorial to commemorate the long-existing relationship of peace and good will between the people and the governments of the United States and Canada and to further international peace among the nations of the world. 4. "Office" means the office of management and budget. 5. "Political subdivision" means a county, township, park district, school district, city, or any other unit of local government which is created either by statute or by the Constitution of North Dakota for local government or other public purposes. 6. "Public employee" means an individual employed by a state agency or any political subdivision, an officer or employee eligible under section 57-15-56, an employee under section 61-16.1-05, or an officer or employee of an international peace garden. The term does not include an individual employed by an occupational and professional board or commission under title 43 or by the state bar association. 7. "Public official" means an elected or appointed officer or deputy of a state agency or a political subdivision. The term does not include an officer of an occupational and professional board or commission under title 43 or of the state bar association. 8. "State agency" means a state board, bureau, commission, department, agency, industry, or institution and the international peace garden.
26.1-21-02. State bonding fund - Office of management and budget - Administrative services - Continuing appropriation - Report. 1. There is created in the state treasury the state bonding fund for the bonding of public employees and public officials. The fund consists of all assessments, interest, investment earnings, and other income collected under this chapter. 2. The office shall manage the fund. The office may contract for administrative services from the North Dakota insurance reserve fund or another entity to assist with the management of the fund. A contract for administrative services must have a two-year term ending on June thirtieth of each odd-numbered year, and the contract may not be terminated except at the end of the two-year term. If either party does not anticipate renewing the contract for another two-year term, the party shall give notice of the intent to not renew by September thirtieth of the even-numbered year during the two-year term. 3. Moneys in the fund are appropriated to the office on a continuing basis for paying claims against the fund, contracting for administrative services as provided under subsection 2, paying costs incurred by the state auditor for investigations under section 26.1-21-12, and paying reinsurance costs under section 26.1-21-21. 4. If the balance of the fund is less than three million dollars, the office shall collect assessments from state agencies and political subdivisions. If the balance of the fund exceeds three million dollars, the office shall waive assessments until the balance of the fund is less than two million dollars at which time the office shall resume collecting assessments. 5. If the office determines the interests of the fund are jeopardized by the misconduct or inefficiency of any public official, the office shall notify the state auditor to conduct an investigation. 6. The office shall include a summary of the fund in the biennial report submitted in accordance with section 54-06-04. The summary must include the revenues, expenditures, and balance of the fund.
26.1-21-03. Commissioner may employ or contract for assistants - Continuing appropriation. Repealed by S.L. 2025, ch. 274, § 19.