4120 – Bonded Employees And Officers


School districts shall provide a suitable bond or employee dishonesty rider on insurance policy ($1,000,000 each occurrence) for all employees who are routinely in contact with funds or who are responsible for the accumulation and/or dissemination of moneys of this school district.

The Board treasurer shall, within 30 days after their appointment or election, execute to the county and file with the secretary a bond of not less than $50,000.

Legal Reference:           Neb. Statute 11-119

 

Policy Adopted 10/4/76

Policy Revised: 10/5/98

Policy Revised: 07.13.2015