Policy DH
Bonded Employees and Officers
School Board Approved: November 21, 2016
State law requires that the Treasurer be bonded. The Board shall also require that the Assistant Treasurer and Business Administrator be bonded. This bond amount shall be $1,000,000.
Any employee who administers funds for the District will be bonded appropriately:
Superintendent and Assistant Superintendent: $500,000
Administrators and Managers: $100,000
The District will arrange a Blanket Position Bond, including a Faithful Performance endorsement, in the amount of $100,000 on all other employees who administer funds for the District.
Legal References:
RSA 197:22, Treasurer’s Bond