School District Policies

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

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Section D
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