Amendment on Fidelity Bonding of Officials

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BOT ORDER NO. 1-99: Amendment on Fidelity Bonding of Officials

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Title Source: Supreme Court: Amendment on Fidelity Bonding of Officials

Law: Bot Order No. 1-99

Decision Date: Nov 16, 2000

The amendment updates the bonding regulations for government officials and employees, allowing a single bond for those with both money and property accountability, capping the bond amount at P5 million, and stipulating a premium of 1.5% with annual renewal requirements.

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