COBI 2013 - Bail Bond Program

Compendium of Budget Information for the 2013 General Session

Business, Economic Development, & Labor
Appropriations Subcommittee

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Agency: Insurance

Line Item: Bail Bond Program

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 from the Bail Bond Surety Administration Restricted Account.

Funding Detail

Funding for the Bail Bond program is used for staff support who help assess annual fees on bail bond companies and also impose fines for businesses not in compliance with Utah law. These fees and fines are collected to the Bail Bond Surety Administration Account.

Sources of Finance (click linked fund name for more info)	2009 Actual	2010 Actual	2011 Actual	2012 Actual	2013 Approp
GFR - Bail Bond Surety Admin	$23,500	$23,500	$23,500	$23,500	$23,500
Lapsing Balance	($2,600)	($1,400)	($22,200)	($500)	$0
Total	$20,900	$22,100	$1,300	$23,000	$23,500

Programs: (click linked program name to drill-down)	2009 Actual	2010 Actual	2011 Actual	2012 Actual	2013 Approp
Bail Bond Program	$20,900	$22,100	$1,300	$23,000	$23,500
Total	$20,900	$22,100	$1,300	$23,000	$23,500

Categories of Expenditure (mouse-over category name for definition)	2009 Actual	2010 Actual	2011 Actual	2012 Actual	2013 Approp
Personnel Services	$20,000	$21,000	$0	$22,300	$21,800
In-state Travel	$0	$0	$0	$700	$0
Out-of-state Travel	$0	$0	$400	$0	$500
Current Expense	$900	$1,100	$900	$0	$1,200
Total	$20,900	$22,100	$1,300	$23,000	$23,500

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COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.