(a) On and after January 4, 2023, the Treasurer shall receive an annual salary equal to the annual salary of a judge of the Superior Court under subsection (a) of section 51-47 , provided thereafter, no increase in the annual salary of the Treasurer shall take effect until the first Wednesday following the first Monday of the January succeeding the next election of the Treasurer following any increase in the annual salary of a judge of the Superior Court under section 51-47 .
(b) Before entering upon the execution of the duties of the office, the Treasurer shall give a bond to the state, with sufficient surety, in the sum of two hundred thousand dollars, for the term for which the Treasurer has been elected, which bond shall be conditioned for the faithful performance of such duties other than in connection with the School Fund. The Treasurer shall devote full time to the duties of the office.