BUSINESS SECTION

Policy: 4.3

BONDING

A. Surety Bonds

Before performing any duties, the Clerk and Deputy Clerk of the
School board shall be bonded in an amount not less than ten
thousand dollars ($10,000) each under a Surety Bond with a
Surety Bond carrier licensed to conduct business within the
Commonwealth of Virginia. The Bond's Obligee will be the Falls
Church City Public School Board.

B. Blanket Dishonesty Bonds

The School Board will ensure that a blanket fidelity bond

conditioned upon the faithful performance and discharge of duties
covers the performance of duties by the Superintendent of
Schools, Principals, secretaries, lunchroom managers and all
others who handle funds in the local schools, in the amount of at
least four thousand dollars ($4,000) per individual. Such bond will
cover each employee prior to the employee performing such
duties and under a Fidelity Bond with a Fidelity Bond carrier
licensed to conduct business within the Commonwealth of
Virginia. The Bond's Obligee will be the Falls Church City Public
School Board.

The School Board shall pay the premiums for all such bonds.

Legal Reference: Code of Virginia, 1950, as amended, Section 22.1-76,

22.1-123

Adopted: 9/17/74 Revised: 2/23/00

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Falls Church City Public Schools
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