State laws in Tennessee require various local government officials to execute a statutory bond for each term of office. Bonds for certain officials must be filed with the Comptroller of the Treasury in the Division of Local Finance. Bonds not required to be filed with the Comptroller's Office must be filed in the office of the County Clerk .
Please review the worksheet OFFICIAL BONDS – SNAPSHOT INFORMATION which identifies the Office/Agency, indicates which bonds are required to be filed with the Comptroller of the Treasury and which bonds are required to be filed with the County Clerk, indicates the statutory authority related to the requirement for each bond, indicates the minimum amount of bond required, and indicates the term of office.
The amount of bond and term of office is according to the applicable statute reference. For some officials this is a specific amount as stated in the law. For some officials the amount of bond is based on the amount of local revenues. For other officials, the amount of bond is determined by the legislative body or presiding judge.
All bonds, including those filed with the County Clerk , must be executed on the appropriate BOND FORM prescribed by the Comptroller of the Treasury and approved by the State Attorney General. All signatures must be original. All notarizations must be by Notary Publics and stamped. All bonds must be recorded in the Office of the Register of Deeds prior to being filed with the Comptroller or County Clerk . All bonds must be for the complete term of office. All bonds must have the Surety power-of-attorney documentation attached.
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