The superintendent shall be bonded in the amount of $100,000.00.
An individual bond in the amount of $5,000.00 is required for all members of
the Board.
The Board shall require adequate bonding of other school employees who are responsible
for handling $2,500.00 or more or school money annually. The amount of the bond
shall be prescribed by the Board. In determining the amount and type of bond,
the Board shall consider the amount of money handled or in account during the
period of time covered by the bond. The Board may appropriate money from the
General Fund to cover the costs of bonds for those employees handing student
activity or other funds, or it may require that the cost of the bond be charged
against the fund involved.