N.H. Code Admin. R. Rev 1903.06 – Minimum Bond Requirements for Municipal Officials

(a) The schedule for determining minimum bond requirements shall be:
1. (1) Based on the amounts of estimated collections for each position bonded;
2. (2) Computed using Table 1900.1 below:
  Table 1900.1 Minimum Bond Requirements
  COLLECTIONS
  From
  To
  BOND REQUIRED
  $1
  $ 5,000
  $1,000
  5,001
  10,000
  2,000
  10,001
  20,000
  3,000
  20,001
  35,000
  7,000
  35,001
  50,000
  8,000
  50,001
  65,000
  10,000
  65,001
  80,000
  12,000
  80,001
  100,000
  15,000
  100,001
  140,000
  17,000
  140,001
  180,000
  22,000
  180,001
  220,000
  27,000
  220,001
  260,000
  32,000
  260,001
  300,000
  36,000
  300,001
  375,000
  38,000
  375,001
  450,000
  40,000
  450,001
  550,000
  42,000
  550,001
  650,000
  44,000
  650,001
  750,000
  46,000
  750,001
  850,000
  48,000
  850,001
  925,000
  50,000
  925,001
  1,000,000
  52,000
  Greater than 1,000,000
  52,000, plus 1% of excess of $1,000,000 in estimated revenues
(b) The minimum bond requirements shall apply to the following municipal officials:
1. (1) Tax collectors;
2. (2) Deputy tax collectors, except for cities where the deputy shall be bonded at 50% of the estimated taxes collected by the tax collector's office;
3. (3) Treasurers;
4. (4) Deputy treasurers;
5. (5) Municipal clerks;
6. (6) Deputy municipal clerks; and
7. (7) Boat fee agents.
(c) The required bond amount for a combined position of municipal clerk and tax collector shall be in the combined amount of the 2 positions.
(d) The amount of the bond required of all trustees of trust funds shall be 15% of all funds in their custody as of the end of the fiscal year.
(e) All trustees of trust funds shall be covered under the same position schedule bond.
(f) The amount of the bond pursuant to RSA 41:6 required of library trustees and alternate library trustees, if any, who have custody of trust funds pursuant to RSA 202-A:22 and RSA 202-A:23 shall be 15% of all funds in their custody as of the end of the fiscal year.
(g) Additional officials may be bonded at the discretion of the municipality.

Source. #5356, eff 3-16-92, EXPIRED: 3-16-98 New. #6732, eff 4-18-98; ss by #8599, eff 4-6-06; ss by #10582, eff 5-2-14; ss by #13918, eff 3-29-24 (see Revision Note at chapter heading for Rev 1900)