Circuit court surety bonds-repeal.

11LSO-0356.L1

FISCAL NOTE

	FY 2012	FY 2013	FY 2014
NON-ADMINISTRATIVE IMPACT
Anticipated Expenditure Decrease:
GENERAL FUND	13,000	13,000	13,000

Source of Expenditure Decrease:

Circuit courts spend approximately $13,000 per fiscal year to secure surety bonds for all of the circuit judges and circuit court magistrates.  Since judges and magistrates do not handle money transactions the surety bonds serve no purpose. 

Assumptions:

If the statutes identified in the proposed bill are repealed, the circuit courts budget will no longer have the $13,000/year expenditure.  The State of Wyoming Risk Management office has advised the Supreme Court that judges and magistrates are covered (insured) just as other State employees.

Prepared by:   Joann Odendahl, Supreme Court    Phone: 777-7581