technical correction; veterans; conservatorship

Plain English Breakdown

The official source confirms all claims regarding the typo correction, the $500,000 bond amount, and the payment of premiums from estate assets.

HB2817: Fixing a Wording Error in Veterans' Services Bond Rules

This bill fixes a small wording mistake in state law about the money bond required when the Department of Veterans' Services acts as an executor, administrator, guardian, or conservator.

What This Bill Does

• Corrects a typo by changing 'conditioned upon on' to 'conditioned on' regarding the department's duties.
• Requires the Department of Veterans' Services to post a $500,000 corporate surety bond with the Secretary of State.
• States that this single bond covers all cases where the department acts as an executor, administrator, guardian, or conservator.
• Removes the need for extra bonds in specific court appointments because the main bond already applies.
• Allows courts to charge each estate a share of the cost for the bond premium from the estate's assets.

Who It Names or Affects

• The Arizona Department of Veterans' Services
• Courts handling estates or guardianships involving veterans
• Estates and individuals under the care of the department

Terms To Know

Conservatorship

A legal arrangement where a person manages money for someone who cannot do it themselves.

Corporate Surety Bond

A financial guarantee provided by an insurance company to ensure duties are performed correctly.

Limits and Unknowns

• The bill does not state the exact date it becomes effective.
• The text only corrects wording and clarifies existing rules; it does not change how much money is in the bond or who can be appointed.

Official Summary Text

HB2817 - technical correction; veterans; conservatorship

Current Bill Text

HB2817 - 572R - I Ver

REFERENCE TITLE:
technical correction; veterans; conservatorship

State of Arizona

House of Representatives

Fifty-seventh Legislature

Second Regular Session

2026

HB 2817

Introduced by

Representative
Cavero

AN
ACT

amending section 41-606, Arizona Revised Statutes; relating to the department of veterans' services.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1. Section 41-606, Arizona Revised
Statutes, is amended to read:

START_STATUTE
41-606.

Action as executor, administrator, guardian or conservator; bond;
method of payment

A. The department shall post with the secretary of
state a corporate surety bond in an amount of five hundred thousand
dollars. The bond shall be conditioned
upon

on
the faithful discharge of the department's duties as
executor, administrator, conservator or guardian and shall inure to the use and
benefit of each person or estate for whom the department is appointed to act.�
In any case or proceeding in which the department is appointed administrator,
executor, guardian or conservator as authorized under this article, the
department shall act without additional bond and the court or official having
jurisdiction shall so order in its order of appointment.

B. In each case in which the department is appointed
to serve as administrator, conservator, executor or guardian as authorized
under this article, the court in which the estate is filed shall authorize a
charge for each estate's share of the bond premium to be paid from the assets
of the estate and to be deposited, pursuant to sections 35-146 and 35-147,
in the state general fund. The department shall determine the charge
to be made against each estate.
END_STATUTE