Compendium of Budget Information for the 2012 General Session

Business, Economic Development, & Labor
Appropriations Subcommittee

Function

The Insurance Department regulates the bail bond surety industry and bail bond agents operating in Utah (Title 31A-35). It ensures that all bail bond sureties and bail bond agents demonstrate adequate preparation, competency, and practice honesty and integrity. The department ensures that Utah has a strong bail bond surety insurance market that actively supports the needs of the citizens, judiciary, and law enforcement organizations for reliable bail bond sureties, bail bond agents, and bail bonds at competitive prices. Assistance is provided to the public through information and education. The department investigates and prosecutes unprofessional conduct by bail bond sureties or bail bond agents. Staff is provided to the Bail Bond Surety Oversight Board which reviews new licensing applications and reviews complaints. The program is funded by the Bail Bond Surety Administration Restricted Account.

Funding Detail

Funding for the Bail Bond program is used for staff support.

Sources of Finance	2008 Actual	2009 Actual	2010 Actual	2011 Actual	2012 Approp
GFR - Bail Bond Surety Admin	$22,100	$23,500	$23,500	$23,500	$23,500
Lapsing Balance	($3,500)	($2,600)	($1,400)	($22,200)	$0
Total	$18,600	$20,900	$22,100	$1,300	$23,500

Programs:	2008 Actual	2009 Actual	2010 Actual	2011 Actual	2012 Approp
Bail Bond Program	$18,600	$20,900	$22,100	$1,300	$23,500
Total	$18,600	$20,900	$22,100	$1,300	$23,500

Categories of Expenditure	2008 Actual	2009 Actual	2010 Actual	2011 Actual	2012 Approp
Personnel Services	$18,000	$20,000	$21,000	$0	$22,300
Out-of-state Travel	$0	$0	$0	$400	$0
Current Expense	$600	$900	$1,100	$900	$1,200
Total	$18,600	$20,900	$22,100	$1,300	$23,500

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