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School District Crime Insurance In Lieu Of Bonds

Concerning authorizing school districts to purchase crime insurance coverage in lieu of surety bonds.
2016 Regular Session
Education & School Finance (Pre & K-12)
Bill Summary

Current law requires the secretary, assistant secretary, treasurer, and assistant treasurer of a school board and any person authorized by the board to be the custodian of money of the school district to obtain a surety bond before taking office. Additionally, a school board is required to obtain and pay for a surety bond for any person who is likely to have custody of $50 or more of school district money.

The act authorizes a school district to purchase crime insurance coverage instead of the bonds.

(Note: This summary applies to this bill as enacted.)


Became Law


Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    03/18/2016 Signed Act PDF
    03/14/2016 Final Act PDF
    03/02/2016 Rerevised PDF
    03/01/2016 Revised PDF
    02/02/2016 Reengrossed PDF
    02/01/2016 Engrossed PDF
    01/13/2016 Introduced PDF

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details