§ 41021. — 41021. (Enacted by Stats. 1976, Ch. 1010.)

California § 41021.

• Jurisdiction: California
• Code EDC: Education Code - EDC
• Div.: 3.
• Title 2.: DIVISION 3. LOCAL ADMINISTRATION
• Part 24.: PART 24. SCHOOL FINANCE
• Ch. 1.: CHAPTER 1. State Financial Management and Control
• Art. 2.: ARTICLE 2. Accounting Regulations, Budget Controls and Audits

Text

The governing board of every school district shall require each employee of the district, whose duty it is to handle funds of the district, and may, in its discretion, require employees of the district, whose duty it is to handle property of the district, to be bonded under a suitable bond indemnifying the district against loss. Such bond may be a name schedule bond, schedule position bond or blanket bond, and shall be in such amount and type as the board shall consider necessary and desirable. The boards shall pay from the funds of the district the cost of the premium necessary to provide the bond.

Legislative History

Enacted by Stats. 1976, Ch. 1010.