13-16-19 Stewardship of agency funds--Designation of district employee in charge--Surety bond.
Stewardship of agency funds--Designation of district employee in charge--Surety
The school board shall prescribe policies and procedures governing the stewardship of 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 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; SL 2012,
ch 88, § 10.