POLICY 3-4.2 BLANKET BONDS

Before beginning their duties, the division superintendent, principals, administrative assistants/bookkeepers, Montgomery County School Board clerk, deputy clerk, and all others who handle funds in the local schools shall be covered by a blanket bond of at least ten thousand dollars ($10,000) assuring faithful performance. The School Board shall pay premiums.

LEGAL REFERENCE: Code of Virginia, 1950, as amended, § 22.1-76.

Adopted: April 2004