Section 13-16-19 - Stewardship of trust and agency funds--Designation of district employee incharge--Surety bond. - South-dakota Statutes

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13-16-19. Stewardship of trust and agency funds--Designation of district employee in charge--Surety bond. The school board shall prescribe policies and procedures governing the stewardship of trust and agency funds consistent with provisions of this title. The school board may designate an employee of the school district to be in charge of each trust or agency fund. The employee designated, if other than the business manager, shall be placed under surety bond in the amount which it is estimated will be in the hands of such employee at any one time during the school fiscal year. The school district shall pay the premium on such surety bond.

Source: SL 1955, ch 41, ch 10, § 11; SDC Supp 1960, § 15.2211; SL 1976, ch 115, § 3.

State Codes and Statutes

Statutes > South-dakota > Title-13 > Chapter-16 > Statute-13-16-19

13-16-19. Stewardship of trust and agency funds--Designation of district employee in charge--Surety bond. The school board shall prescribe policies and procedures governing the stewardship of trust and agency funds consistent with provisions of this title. The school board may designate an employee of the school district to be in charge of each trust or agency fund. The employee designated, if other than the business manager, shall be placed under surety bond in the amount which it is estimated will be in the hands of such employee at any one time during the school fiscal year. The school district shall pay the premium on such surety bond.

Source: SL 1955, ch 41, ch 10, § 11; SDC Supp 1960, § 15.2211; SL 1976, ch 115, § 3.

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State Codes and Statutes

Statutes > South-dakota > Title-13 > Chapter-16 > Statute-13-16-19

13-16-19. Stewardship of trust and agency funds--Designation of district employee in charge--Surety bond. The school board shall prescribe policies and procedures governing the stewardship of trust and agency funds consistent with provisions of this title. The school board may designate an employee of the school district to be in charge of each trust or agency fund. The employee designated, if other than the business manager, shall be placed under surety bond in the amount which it is estimated will be in the hands of such employee at any one time during the school fiscal year. The school district shall pay the premium on such surety bond.

Source: SL 1955, ch 41, ch 10, § 11; SDC Supp 1960, § 15.2211; SL 1976, ch 115, § 3.