File:  DH - Bonded Employees and Officers

All District employees who are responsible for monies controlled by the Board or who may have more than fifty dollars ($50) from such funds in their custody shall be bonded under a group fidelity bond in individual amounts of ten thousand dollars ($10,000).

The secretary and treasurer of the Board and any custodian of monies authorized and appointed by the Board shall, as required by Colorado statute, be individually bonded. This bond shall be in an amount not less than ten thousand dollars ($10,000).

In lieu of bond, the District may maintain equivalent insurance coverage for such District employees, board officers and board-appointed custodians.

The cost of bonding or insurance shall be borne by the District.

Adopted: August 10, 1982
Revised: April 3, 2012
Revised: November 3, 2022

LEGAL REFS.: C.R.S. 22-32-104 (4) (b), (c), (d) (surety bond or insurance coverage required)

C.R.S. 22-32-109 (1)(h) (bond or insurance requirement)

C.R.S. 22-32-121 (3) (bond required if authorized to affix facsimile signature of treasurer)

CROSS REFS.: BDB, Board Officers

Adopted August 10, 1982

Revised April 3, 2012