AUTHORIZATION FOR PAYMENT OF PREMIUMS OR COSTS OF SURETY BONDS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP78-04718A000300130005-1
• Release Decision: RIFPUB
• Original Classification: C
• Document Page Count: 1
• Document Creation Date: December 9, 2016
• Document Release Date: June 26, 2001
• Sequence Number: 5
• Publication Date: August 5, 1949
• Content Type: MEMO

Approved For Ref ase 2Q9 4 4-8-O47I8A000300134005-1
0
To s Executive
Fromt Budget Offi
5 August 1949
Subject Authorization for. Payment of Premiums or Costs of Surety Bonds
1. Section 10 (a)(l) of public Law no, approved 20 June 1949,
provides fot "payment of premiums or costs of surety bonds for officers
or er loyees without regard to the provisions of 61 Stat. 646 (6 U.S.C.
14. ) it
There are several types of bands which are required by law or
agency regulations as a protection to the United States Government and
of its officials. These include, but are not necessarily
ed to. bonds for individuals in the following positional
(a) Certa:fying Officers
b Agent Cashiers
c Vice-Consuls or other Foreign Service designees
d Cashier-messenger
These bond requirements are imposed upon certain officers and employees
of the agency for purposes other than their own protection and are not
n*cessitated because of personal reasons or demands. (Such as a bond
for a travel advance which mould require the premiuam payment to be
made from personal funds . )
Since some bond premiums will be due in the near future., it
d to obtain authorization from the Director to effect payment
from CIA. funds. Subject to basic authorization by the Director,, payments
in individual cases will be based on the determination that the bond
requirement is a primary benefit to the Government and/or CIA rather
than personal to the officer or employee concerned.
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Approved For Release 2001/08/Oo J 7 1fAtA000300130005-1