BOARD POLICY  8501

 

Bonded Employees and Officers

 

                The Treasurer or Treasurer pro tempore is required to execute a bond conditioned upon the faithful performance of all official duties.  A new bond must be furnished for each term of office.  This bond is payable to the state in the amount and with surety approved by the Board and deposited with the President of the Board.  The Treasurer must make an annual disclosure of personal financial information to the Ohio Ethics Commission.

 

                The Board of Education may procure a blanket bond from any duly authorized corporate surety covering office clerks, and employees.  Such blanket bond shall indemnify against losses due to failure of the officer, clerks, and employees to faithfully perform their duties, to account for all monies or property received by their positions, and fraudulent acts committed.

 

                Such blanket bond shall be approved as to its form and sufficiency by the Board of Education.  The Board shall pay the premium on such bond.

 

 

 

7-1-96

 

Legal References:  ORC 3.06

                               ORC 3313.25

                               ORC 3929.17