South Dakota § 13-16-19 Custodial funds--Stewardship--Designation of employee--Surety bond.

South Dakota Statutes

§ 13-16-19 — Custodial funds--Stewardship--Designation of employee--Surety bond.

South Dakota·Title 13 EDUCATION·Ch. 13-15A SCHOOL DISTRICT FUNDS AND ACCOUNTS

The school board shall prescribe policies and procedures governing the stewardship of custodial funds consistent with provisions of this title. The school board may designate an employee of the school district to be in charge of each custodial fund. The employee designated, if other than the business manager, shall be placed under surety bond in the amount estimated to be in the hands of the employee at any one time during the school fiscal year. The school district shall pay the premium on the surety bond.

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The school board shall prescribe policies and procedures governing the stewardship of custodial funds consistent with provisions of this title. The school board may designate an employee of the school district to be in charge of each custodial fund. The employee designated, if other than the business manager, shall be placed under surety bond in the amount estimated to be in the hands of the employee at any one time during the school fiscal year. The school district shall pay the premium on the surety bond.

South Dakota § 13-16-19 (Custodial funds--Stewardship--Designation of employee--Surety bond.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.