FILE: DH
BONDED EMPLOYEES
The East Feliciana Parish School Board shall furnish all persons authorized to sign checks or warrants drawn against the school funds a surety bond in an amount to be determined by the School Board, but which shall be not less than fifteen thousand dollars, for the faithful performance of their duties.
The School Board treasurer shall give an indemnity bond in such sum as may be determined by the Board, but not less than $25,000, made in favor of the Governor or his/her successors in office, and the Board shall pay the premium of said bond. In addition, the Board directs the Superintendent to purchase an employees' blanket bond covering all employees in an amount as set by the Board. Those positions for which a separate bond has been purchased shall be excluded from the employees' blanket bond.
All bonds purchased by the School Board made in favor of the Board shall include coverage for faithful performance of duties as well as coverage against loss sustained by the Board through any fraudulent or dishonest act committed by any of the bonded employees. All bonds purchased by the Board shall be from an insurance company admitted and licensed to do business in Louisiana.
Re-Adopted: October 5, 1999
Ref: La. Rev. Stat. Ann. ยงยง17:95, 17:97
Board minutes, 10-3-78, 8-80, 10-5-99
East Feliciana Parish School Board