technical correction; veterans; conservatorship
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill makes a technical correction to Arizona Revised Statutes, specifically section 41-606, which governs the bonding requirements for the Department of Veterans’ Services when acting as an executor, administrator, guardian, or conservator. The amendment clarifies that the department’s bond amount is $500,000 and outlines a process for estates to contribute to the bond premium, with the funds deposited into the state general fund. This ensures the department’s financial responsibility while managing estate assets.
Key provisions
- Increases the surety bond amount for the Department of Veterans’ Services to $500,000.
- Specifies that the bond is for the faithful discharge of duties as executor, administrator, guardian, or conservator.
- Allows courts to waive the bond requirement in certain cases.
- Establishes a mechanism for estates to contribute to the bond premium.
- Directs deposited funds to the state general fund.
- Amends section 41-606 of Arizona Revised Statutes.
Who is affected
- Department of Veterans’ Services
- Veterans
- Estate administrators
- Guardians
- Conservators
Notable changes
- Clarifies the bonding requirements for the Department of Veterans’ Services.
- Introduces a system for estate contributions to cover bond costs.
Bill text
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Sponsors
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1 on record
Primary sponsor
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