California Statutes
§ 42801.5. — 42801.5. (Added by Stats. 1994, Ch. 330, Sec. 1.)
California·Code EDC Education Code - EDC·Div. 3.·Title 2. DIVISION 3. LOCAL ADMINISTRATION·Part 24. PART 24. SCHOOL FINANCE·Ch. 10. CHAPTER 10. Revolving Funds, School Districts·Art. 1. ARTICLE 1. Revolving Cash Fund
Notwithstanding the requirement to provide for indemnity bonds pursuant to Sections 42650 and 42801, the governing board of a school district may, in lieu thereof, insure against losses caused by an employee or an officer of a school district if the insurance gives the same or greater protection to the school district that a bond would provide in indemnifying the school district against any loss caused by the employee or officer of the district.
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California § 42801.5. (42801.5. (Added by Stats. 1994, Ch. 330, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1994, Ch. 330, Sec. 1. Effective January 1, 1995.