School Board of the City of Virginia Beach
Policy 3-47

BUSINESS AND NONINSTRUCTIONAL OPERATIONS

Surety Bonds

In order to protect public funds, the school board and its employees, each employee who is responsible for large sums of money and/or is required by State law or Virginia Board of Education regulations to be bonded shall be covered by a surety bond. The bond shall meet the requirements of state law, where applicable, or shall be commensurate with the responsibility of the employee's position. The board shall pay the cost of surety bonds.

Editor's Note
For bonding of clerk and deputy clerk see bylaw 1-20 of this manual.

 

Adopted by School Board:  February 16, 1993